[ISC] Q. 49 Solution of Fundamentals of Partnership Firms TS Grewal Book (2024-25)

Solution of Question number 49 of the Fundamentals of Partnership Accounts (Firm) chapter TS Grewal Book 2024-25 Edition ISC Board.

Akriti, Bhawna, Charu, and Deeksha are partners sharing profits as 4 : 3 : 2 :1. They earned a profit of ₹ 1,80,000 for the year ended 31st March 2024.

As per the partnership Deed, they are to allow a commission @ 20% of the profits after allowing such commission which they will share as 2 : 3 : 2 : 3.

You are required to show the appropriation of profit among the partners. Also, show Profit and Loss Appropriation Account.

Solution:-

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