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On 1st April 2013 brij and …

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On 1st April 2013 brij and nanadan entered into partnership to construct toilet in girls government school in the remote area of They contributed capital of 10,00,000 and 15,00,000 respectively their profit sharing ratio was 2:3and interest allowed on capital as provided in partnership deed was 12%per annum . During the year ending 31march 2013 the firm earned a profit of 2,00,000 . Prepare profit and loss appropriation account of brij and nadan for year ended 31st March,2013.

Posted by Devanshi Bhardwaj 5 years, 3 months ago

CBSE > Class 12 > Accountancy

1 answers

Raman Dhillon 5 years, 3 months ago

Interest on capital Dr side of profit loss apporication A /C Brij 1000000 multiple 12/100= 80,000 Nanadan 1500000 multiple 12/100= 1,20,000

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