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Alia;bhanu and chand distributed the profit …

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Alia;bhanu and chand distributed the profit for the year ended 31st March 2017 80000 in the ratio of 3:3:2 without providing for the following adjustment 1-alia and chand were entitled to sallary of 1500p.a 2-bhanu was entitled for commission of 4000 3-bhanu and chand had guaranteed a minimum profit of 35000p.a to alia any deficiency to born equally by bhanu and chand . Pass the p/L adjustment

Posted by Mansi Srivastava 6 years, 3 months ago

CBSE > Class 12 > Accountancy

2 answers

J.S Pluss 5 years, 6 months ago

i want the answer

Himanshu Garg 6 years, 3 months ago

This question is wrong i solve this question . In this salary is given at per annum but in right question salary is 1500 per month. Solve by that.. you will get your answer This question is belongs to book T S GREWALS chapter 2 - fundamentals of accounting for partnership firms. Question no. 91 .

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CBSE > Class 12 > Accountancy

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