Chapter 2 – Fundamental of Partnership – TS Grewal 2021 edition solutions

This page includes solutions of all the Practical problems of this chapter from TS Grewal 2022 edition. Topics covered under this section are:

Partnership Deed

Question 1Click for Solution
Question 2Click for Solution
Question 3Click for Solution
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Interest on partner’s loan to the Firm

Question 7Click for Solution
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Profit and Loss Appropriation Account

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Partner’s Capital Accounts Fixed Capital and Fluctuating Capital

Question 19Click for Solution
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Calculation Of Interest’s on Partner’s Capitals

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Salary or Commission to Partner

Question 31Click for Solution
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Calculation of Interest on Partners Drawings & Amount on Drawings

Question 35Click for Solution
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Profit and Loss Appropriation Account and Partner’s Capital Account

Question 45Click for Solution
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Transfer of Profit to Reserve

Question 50Click for Solution
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Past Adjustments (Adjustments for Incorrect Appropriations in the Past)

Question 54Click for Solution
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Guarantee of Profit to a Partner

Question 73Click for Solution
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Question 88Click for Solution