[ISC] Q. 44 Solution of Fundamentals of Partnership Firms TS Grewal Book ISC (2026-27)
Solution of Question number 44 of the Fundamentals of Partnership Accounts (Firm) chapter TS Grewal Book 2026-27 Edition ISC Board.
Tara and Mira are in partnership sharing profits in the ratio of 3 : 2. According to the Partnership Deed, Tara is to get salary of ₹ 10,000 per month while Mira is to get salary of ₹ 15,000 per month. Net Profit for the year ended 31st March, 2024 is ₹ 6,00,000.
Prepare Profit & Loss Appropriation Account for the year ended 31st March, 2024.
Solution:-
