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L,m,n are partner in a firm …

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L,m,n are partner in a firm sharing p&l in the ratio 2:3:5 On april 1,2016 their fixed capital were 2,00,000,3,00,000 and 4,00,000 their partnership deed provide as per following- 1 interest on capital@9% per annum 2 interest on drawing@12% per annum 3 interest on partner loan @12% per annum On July 1,2016 l brought 1,00,000 as additional capital and n withdrew 1,00,000 from his capital during the year l,m,n withdrew 12,000,18,000and24,000 for their personal use.on january 1,2017 the firm obtained a loan of 1,50,000from m.the net profit of the firm for the year ended 31 march 2017 after charging interest on m loan was 85,000 Prepare p&l appropriation and partner capital acount

Posted by D Sibbal 6 years, 3 months ago

CBSE > Class 12 > Accountancy

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D Sibbal 5 years, 11 months ago

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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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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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