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Sajal and kajal are the partners …

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Sajal and kajal are the partners sharing profit and loss in the ratio 2:1. On 1st Apr 2018thier capital were : sajal 50000 and lajal 40000 Prepare profit and loss appropriation accounts and partners capital account at the end of the year after concidering the folloqing item : (a) intrest on capital is tobe allowed @5% p.a. (b) intrest on loan advanced by kajal for the whole year the amount of loan being 30000 (C)intrest on partners drawing @6% pa . drawing : sajal 10000 kajal 8000 . (d)10% of the divisible profit is to be transferd to reserve . Net profit for the year ended 31 st march 2019 is 68460. Netbprofit means net profit after debit of intrest on loan by the partners .

Posted by Khalel Ahmed 6 years, 7 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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CBSE > Class 12 > Accountancy

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