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A, B and C were in …

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A, B and C were in partnership sharing profits and losses in the ratio 3:2:1 respectively. C was guaranteed a profit of Rs. 7500. The profit for the year 2017-18 amounted to Rs. 36000. Pass journal entries, to show appropriation of profit among partner.

Posted by Nishat Anjum 6 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Ridhi Mehta 6 years, 10 months ago

Profit and loss appropriation a/c Dr. 36000 . To A's capital A/C 17100 . To B's Captial A/C 11400 . To C's capital A/C 7500

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CBSE > Class 12 > Accountancy

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