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Astha and gomti are partners in …

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Astha and gomti are partners in a firm sharing profit and losses i the ratio of 2:1 their capital a/c as on 1 april 2011 stand at rs 70000 and rs 30000 respectively the partesrs are allowed interest on capital @10% p.a the drawings of the partners during the year ended 31st march 2012 amounted to rs 4800 and rs 3600 respectively interest charged on drawings at the rate of 10 % p.a. astha has given a loan to firm as on november 2011 of rs 20000 the profit of the firm before above adjustment was rs 80000 10 % of this profit is to be kept in reserve account Current a/c balances ob 1st april 2011 were astha rs 5000 cr gomti rs 23000 dr prepare p/l appropriate a/c

    • Posted by Praveem Nayak 8 years, 1 month ago

    CBSE > Class 12 > Accountancy
    • 4 answers

    Sakshi Sodey 2 years, 3 months ago

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    78Thank You

    Harsh Agrawal 5 years, 2 months ago

    astha and gomti are partners sharing profits in the ratio 2:1 their capital ac stood at

    48Thank You

    Rajesh Goel 6 years, 1 month ago

    can u make the account

    33Thank You

    Shivam Jaiswal 3 years, 3 months ago

    Profit of ashtha was 41748 and gomti was 20874

    43Thank You

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