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Yadu, Madhu and Vidu are partners …

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Yadu, Madhu and Vidu are partners sharing profits and losses in the ratio of 2:2:1. There fixed capitals on April 01, 2019 were; Yadu Rs. 5,00,000, Madhu Rs. 4,00,000 and Vidhu Rs. 3,50,000. As per the partnership deed, partners are entitled to interest on capital @ 5% p.a., and Yadu has to be paid a salary of Rs. 2,000 per month while Vidu would be receiving a commission of Rs. 18,000. Net loss of the firm as per profit and loss account for the year ending March 31, 2019 amounted to Rs. 75,000 on the basis of above information prepare profit and loss appropriation account. Prepare profit and loss appropriation account for the year ending March 31, 2019.

Posted by Sourabh Singla 5 years, 7 months ago

CBSE > Class 12 > Accountancy

5 answers

Dhruv Kanojia 3 years, 7 months ago

Q1 Yadu. Madhu and Vidu are partners sharing profits and losses in the ratio of 2:2:1. Their fixed capitals on April 01, 2021 warn Vadu 5,00,000, Madhu 34,00,000 and Vidhu 3,50,000. As per the partnership deed, partners are entitled to interest on capital 5% pa.. and Yadu has to be paid a salary of 2,000 per month while Vidu would be receiving a commission of 18,000. Net loss of the firm as per profit and loss account for the year ending March 31, 2022 amounted to 75,000. Prepare profit and loss appropriation account for the year ending March 31, 2022.

Anshika Lahori 4 years, 5 months ago

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Priyanka Savita 4 years, 6 months ago

no

Akshat Bhatt 4 years, 6 months ago

fk

Saajid Mohamed 4 years, 7 months ago

otha punda mavnda is the answer otha odra oombi

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