[ISC] Q. 39 solution of Fundamentals of Partnership Firms TS Grewal Book ISC 2023-24 Edition

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Are you looking for the solution of Question number 39 of the Fundamentals of Partnership Accounts (Firm) chapter TS Grewal Book 2023-24 Edition ISC Board?

Question number 39 of Partnership Accounts – Fundamentals is a theoretical one of TS Grewal Book ISC Board 2023-24.

Question – 39

Show how the following will be shown in the Capital Accounts of the partner’s John and Mathew when their capitals are fluctuating:

John (₹)Mathew (₹)
Capitals on 1st April, 20224,00,0003,00,000
Drawings during the year ended 31st March, 202350,00030,000
Interest on capitals5%5%
Interest on Drawings1,250750
Share of profit for the year ended 31st March, 202360,00050,000
Partner’s Salary36,000
Commission5,0003,000

Solution:-

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