Solution of Question number 28 of the Fundamentals of partnership firm chapter TS Grewal Book CBSE 2025-26 Edition
Vinod and Mohan are partners sharing profits and losses in the ratio of 4 : 3. From the following Balance sheet, Calculate interest on Capital @ 6% p.a. for the year ended 31st March, 2025:
Balance Sheet as at 31st March, 2025
During the year, Vinod’s drawings were ₹ 20,000 and Mohan’s drawings were ₹ 12,000. Profit during the year was ₹ 64,000.
Solution:
