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A, B, C are in partnership …

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A, B, C are in partnership sharing profit nd losses in the ratio 2:1:1. Capital on 1 april 2008 was A- 20000 B- 15000 C- 10000 . Drawings were A-6000 B-4000 C-4000. Life insurance premium 1oct2008 was 2000 . Life insurance of A has been paid by the firm nd had been charged to general expense A/c . Partners are allowed 8% pa. Interest on capital nd 10% on drawing . Profit for the year ending 31march 2009 was amounted to 20800 . While calculating profits , depreciation at the rate of 20% pa. Has been omitted on building of value of 20000 . Prepare profit nd loss account and partners capital account for the year.

Posted by Harshita Aggarwal 6 years, 10 months ago

CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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Posted by Palak Kumari 3 months, 2 weeks ago

CBSE > Class 12 > Accountancy

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Posted by Srishti Arya 1 year, 2 months ago

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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Posted by Mohd Aman Mansoori 1 year, 5 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 Shashank Shukla 1 year, 4 months ago

CBSE > Class 12 > Accountancy

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