Q. 31 solution of Fundamentals of Partnership Firms TS Grewal Book 2021-22 Edition

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Are you looking for the solution to Question number 31 page 2.87 of the Fundamentals of partnership firm chapter TS Grewal Book 2021 Edition for 2021-22 session

Question number 31 at the page number 2.87 of Accounting for Partnership Firms – Fundamentals is of a theoretical one.

Solution of Question number 31 of Accounting for Partnership Firms – Fundamentals TS Grewal Book 2021 Edition

Here is the solution of it.

Question Number:- 31

Shiv, Mohan and Gopal are partners sharing profit and losses in the ration of 2 : 2 : 1. Shiv is entitled to a commission of 10% on the net profit for the year is ₹ 1,10,000.

Ans:-

Shiv commission = 110000 * 10/100 = ₹ 11000.

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