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C and d are partners in …

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C and d are partners in a firm c has contributed 100000 and D 60000 as capital interest is payable @ 6% per annum and d is entitled to a salary of rupees 30000 per month in the year ended 31st March 2019 the profit was 80000 before interest and salary divide the amount between c and d

Posted by Tushar Sethi 6 years, 7 months ago

CBSE > Class 12 > Accountancy

1 answers

Diwanshi Nimje 6 years, 7 months ago

dp it as usual calculate ioc then deduct the amount of ioc and salary (30000×12) from profit then divide the remaining amount in equal ratio to yhe partners

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