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Sanjay and himanshu entered into a …

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Sanjay and himanshu entered into a partnership on 1jan 2014 contributing rupees 300000and 200000 respectively. They agreed share profit and loss in ratio 3:2 following information is provided regarding the partnership 1 each partner is allowed a salary of 10000rupees p.a 2 interest on capital@8%p.a 3 interest on drawing Bing 1500and 2500 respectively for sanjay and himanshu The profit of the firm for the year ended 31-12-14 was 18600 .prepare profit and loss appropriation account

Posted by Harsh Chaudhary 8 years, 3 months ago

CBSE > Class 12 > Accountancy

1 answers

Uttam Dhayni 4 years, 4 months ago

prepare p/l appropriation a/c from the following information sanjay and himanshu are Partners in form in the rotor of 3:2 they contributed 300000 and 200000 as capital each partner is allowed salary of rs 10000 ammun Interest is 8% allowed an capital interest on drawings in 1500 and 2500 each profit for the year was rs 186000

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