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Rohit Mohit andSohitarepartnerssharingprofitandlossesintheratioof2:1:1..Their capitalson31stmarch2017are5,30,0006,40,000and7,90,000.Theirdrawingswererohit= 70,000mohit=60,000andsohit=10,000.Partnershipdeedprovidedtochargeintereston capital@10%paandinterestondrawings@5%.Prepareprofitandlossappropriation …

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Rohit Mohit andSohitarepartnerssharingprofitandlossesintheratioof2:1:1..Their capitalson31stmarch2017are5,30,0006,40,000and7,90,000.Theirdrawingswererohit= 70,000mohit=60,000andsohit=10,000.Partnershipdeedprovidedtochargeintereston capital@10%paandinterestondrawings@5%.Prepareprofitandlossappropriation account.

Posted by Seraj Ahmad 5 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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Posted by Tanya Chaudhary 1 week, 5 days ago

CBSE > Class 12 > Accountancy

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Posted by Soniya Yadav 1 day, 21 hours ago

CBSE > Class 12 > Accountancy

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(Interest on capital when closing capital is given) A and B are partners sharing profits and losses in the ratio 4: 3. Their capital on 31st December, 2022 were 3,00,000 and 2,00,000 respectively. During the year, their drawings were 50,000 each. The firm earned profit amounting to 70,000 for the year ending 31st December, 2021. Later on they decided that interest on their capital be charged at 10% p.a. Compute interest on Capital.

Posted by Saksham Aryan 1 week, 1 day ago

CBSE > Class 12 > Accountancy

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Posted by Pozhil Veer 1 week, 1 day ago

CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy