Q. 4 solution of Fundamentals of Partnership Firms TS Grewal Book Class 12 2021-22 Edition

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Are you looking for the solution to Question number 4 page 2.81 of the Fundamentals of partnership firm chapter TS Grewal Book class 12 2021-22 Edition?

Question number 4 at the page number 2.81 of Accounting for Partnership Firms – Fundamentals is of a theoretical one.

Solution of Question number 4 of Accounting for Partnership Firms – Fundamentals TS Grewal Book 2021-22 Edition

Here is the solution of it.

a) In the case of absence of Partnership deed. Provisions of Indian partnership Act 1932 would apply. No interest on capital would be allowed.

b) Sarkar son’s Deep would not be admitted. as all partners are not agree. As in the case of absence of partnership deed. Provisions of Indian Partnership Act 1932 would apply.

c) No interest of loan to chatterjee from the firm is given as In the case of absence of Partnership deed. Provisions of Indian partnership Act 1932 would apply.

d) No interest on drawing would be charged as in the case of absence of partnership dee. Provisions of Indian Partnership Act 1932 would apply.

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