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X and y are partners with …

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X and y are partners with capitals of 100000 and 80000 respectively on 1st April 2016 and their profitsharing ratio is 2:1. Interest on capital is agreed @12%p.a. y is to be allowed an annual salary of 6000 . The profit of the year ended 31st March 2017amounted to 50000 . Manager is entitled to a commission of 10% of the profits . Prepare profit and loss appropriation account and capital account.

Posted by Abhishek Pal 6 years, 4 months ago

CBSE > Class 12 > Accountancy

2 answers

Rohit Jaiswal 6 years, 4 months ago

Easy h bro

Inamul Lala 6 years, 4 months ago

Hjj

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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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CBSE > Class 12 > Accountancy

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Posted by Mahi . 1 year, 4 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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