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Simmi and sonu are partners in …

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Simmi and sonu are partners in a firm ,sharing profits and losses in the ratio of 3ratio1. The profit and loss account of the firm for the year ending 31,2015 shows anet profit 1,50,000. Prepare the profit and loss appropriation account by taking into consideration the following information.partners capital on april 1, 2014 simmi, R's. 30,000,sonu,R's 60,000, current accounts balances on april 1,2014 ,simmi,R's30,000cr ,sonu,R's 15,000cr, partners drawings during theyear amounted to simmi,R's 20,000,sonu,R's,15000,interest on capital was allowed@5% p.a, lnterest on drawing was to be charged@6% p.a, .atan average of sixmonths, partners salaries :simmi R's.12000 and sonu R's. 9000. Also show the partners current accounts.

Posted by Rhisita Yadav 7 years, 8 months ago

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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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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Posted by Palak Sharma 1 year, 4 months ago

CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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Posted by Munni Lal 1 year, 5 months ago

CBSE > Class 12 > Accountancy

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