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Mohit and Rohan share profit and …

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Mohit and Rohan share profit and loss in the ratio 2 ratio 1 they admitted Rahul as partners with one fourth share profit with a guarantee that his share of profit shall be at list rupees 50000 the net profit of form for the year ending March 31st 2006 was rupees 160000 prepare profit and loss appropriation account

Posted by Anjali Airy Airy 4 years, 3 months ago

CBSE > Class 12 > Accountancy

1 answers

Rajni Devi 4 years, 3 months ago

Profit distribution Mohit =80000- 6668=73332 Rohan =40000 - 3334= 36668 Rahul =40000+10000=50000

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CBSE > Class 12 > Accountancy