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X and y are parents sharing profit in the ratio of 3:2 with capitals of 80000 and 60000 respectively interesting on capital is agreed @5 p.a. y is to be allowed an annual salary of 6000 which has not been withdrawn.profit for the year ended 31st march 2017 before interest on capital but after charging Y's salary amounted to 24000 A provision of 5% of the profit is to be made in respect of commission to the manager.prepare and account showing the allocation of profits

Posted by Sumit Mishra 8 years, 2 months ago

CBSE > Class 12 > Accountancy

1 answers

Rahul Raturi 8 years, 2 months ago

9300 = x and 6200 = y

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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