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X,Y&Z are partners in a firm …

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X,Y&Z are partners in a firm in the ratio 2:1:1 with capitals of 20000 12000 and 8000 respectively on which interest is payable @6% per annum. X is entitled to a salary of 250 per month. Z gets commission 1% on sales. During the year, 2017 the firm earned profit. The sales were 2,00,000. They withdrew 5000, 3000 and 6500 respectively, the intrest on which amounted to 100, 50, 250 respectively. Prepare profit and loss

Posted by Amatullah Haideri 6 years, 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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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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