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A and B partners in a …

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A and B partners in a firm sharing profits & losses in the ratio of 3:2 with capital of ₹ 500,000 and ₹ 250,000 respectively on 1-4-2021. Each partner is entitled to 10 % on net profit remaining after dedicated Int. On Capitals but before charging any commission. B entitled to a commission of 8% of net profit remaining after interest on capitals and after charging all commissions. The profits for the year ended 31-3-2022 prior to calculation of int. On capital was ₹ 375,000 Prepare Profit and Loss Appropriation Account

Posted by Nitin Sharma 1 week, 1 day ago

CBSE > Class 12 > Accountancy

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Posted by Pozhil Veer 1 week, 1 day ago

CBSE > Class 12 > Accountancy

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Posted by Tanya Chaudhary 1 week, 5 days ago

CBSE > Class 12 > Accountancy

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Posted by Prachi Yadav 8 hours ago

CBSE > Class 12 > Accountancy

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Tom and Josh are partners in a firm sharing profits and losses in the ratio of 3 1. They admed Max as a new partner 1/10th share in the profits and losses. Max contributes the following assets to his capital and his share for goodwill: Sma a0,000 Land and Building 3,00,000, Plant and Machinery 2,60,000, Capital 74,00,000. Record the journal entries in the books of the firm on Max's admission. necesey

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CBSE > Class 12 > Accountancy

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Posted by Sushant Kamboz. 2 days, 5 hours ago

CBSE > Class 12 > Accountancy

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Posted by Chhavi Jain 1 day, 9 hours ago

CBSE > Class 12 > Accountancy

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Posted by Himalaya Singhal 1 week ago

CBSE > Class 12 > Accountancy

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Posted by Tanya Chaudhary 1 week, 5 days ago

CBSE > Class 12 > Accountancy

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Posted by Soniya Yadav 1 day, 18 hours ago

CBSE > Class 12 > Accountancy

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Posted by Saksham Aryan 1 week, 1 day ago

CBSE > Class 12 > Accountancy

0 answers

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