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ABC your partner in a firm sharing profits in the ratio of 3 :2:1 B was guaranteed a profit of rupees 2 lakh during the year and the firm on the profit of rupees 84000 calculate net amount of profit and loss transfer to the capital account of a and c

Posted by Sanya Wadhwa 8 years, 3 months ago

CBSE > Class 12 > Accountancy

2 answers

Muskan Bohra 8 years, 3 months ago

Thus is : 200000 given to b but we have onlu 84000 the balance required is 116000 that should be bear by partner a and b in their ratio 3:1 and tjey have a loss of 87000 and 29000 resp

Muskan Bohra 8 years, 3 months ago

Loss to a and c that is of 87000 and 29000 resp.

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