[ISC] Q. 82 Solution of Fundamentals of Partnership Firms TS Grewal Book (2024-25)

Solution of Question Number 82 of the Fundamentals of Partnership Accounts (Firm) chapter TS Grewal Book 2024-25 Edition ISC Board.

Tushar, Kapil, and Ajay are partners. Their fixed capitals as on 31st March 2023 were: Tushar ₹ 5,00,000, Kalil ₹ 10,00,000, and Ajay ₹ 15,00,000. Profit for the year 2022-23 ₹ 6,00,000 was distributed. Interest on capital @ 10% p.a. was not credited though there was a provision in the Partnership Deed. Pass the necessary adjusting entry.

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