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A and B are partners with …

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A and B are partners with a profit sharing ratio of 2:1 and captials of 300000 and 200000 repectively. They are allowed 6%p.a. interest on their capitals and are charged 10% p.a. interest on their drawing. their drawings during the year Were A 60000 and B 40000.B share of net profit as per profit and loss appropriaition account amounted to 40000.Net profit of the firm before any appropriation was

Posted by Riya Riya 6 years, 3 months ago

CBSE > Class 12 > Accountancy

3 answers

Hanspreet Singh 6 years, 2 months ago

Interest on drawing should be for 6 months

Hanspreet Singh 6 years, 2 months ago

1,45,000

D J 6 years, 3 months ago

1,40,000

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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 Srishti Arya 1 year, 2 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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Posted by Palak Kumari 3 months, 3 weeks ago

CBSE > Class 12 > Accountancy

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