[ISC] Q. 9 Solution of Fundamentals of Partnership Firms TS Grewal Book ISC (2026-27)
Solution of Question number 9 of the Fundamentals of Partnership Accounts (Firm) chapter TS Grewal Book 2026-27 Edition ISC Board.
Taran and Deep are partners sharing the profits and losses in the ratio of 2 : 3 with capitals of ₹ 3,00,000 and ₹ 2,00,000 respectively. On 1st October 2025, Taran and Deep gave loans of ₹ 60,000 and ₹ 30,000 respectively to the firm. Show the distribution of profits/losses for the year ended 31st March 2026 in each of the following cases:
Case – 1: When Profit before interest for the year amounted to ₹ 3,750.
Case – 2: When Profit before interest for the year amounted to ₹ 2,250.
Case – 3: When Loss before interest for the year amounted to ₹ 3,750.
Solution:-
