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Aand B are partners a's capital …

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Aand B are partners a's capital is rs 100000 and b's capital is rs 60000. Interest on capital is payable@6%p.a.is toget salary in 3000 per month.net profit for the year is rs 80000 .prepare profit and loss appropriatiin account.

Posted by Simran Jyot 6 years, 8 months ago

CBSE > Class 12 > Accountancy

1 answers

Satendra Kumar Singh 6 years, 8 months ago

Interest on A'S capital =100000×6÷100=6000 Interest on B'S capital =60000×6÷100=3600 B's salary =3000×12=36000 P and L appropriate A/C ■ TO to int. on cap.A'S = 6000 =9600 B'S =3600 to B's salary =3000×12 = 36000 to profit A's =17200 =34400 B's = 17200 ●80000 _______ ■BY by profit for the year =80000 ●80000 ________

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