Are you looking for the solution to Question number 32 page 2.87 of the Fundamentals of partnership firm chapter TS Grewal Book 2021 Edition for 2021-22 session
Question number 32 at the page number 2.87 of Accounting for Partnership Firms – Fundamentals is of a theoretical one.
Solution of Question number 32 of Accounting for Partnership Firms – Fundamentals TS Grewal Book 2021 Edition
Here is the solution of it.
Question number 32
Abha, Bobby and Vineet are partners sharing profits and losses equally. As per Partnership Deed, Vineet is entitled to a commission of 10% on the net profit after charging such commission. The net profit before charging commission is ₹ 2,20,000.
Vineet’s Commission = 220000 * 20/220 = ₹20000.