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P q and R entered into …

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P q and R entered into a partnership on 1st October 2017 to share the profit and losses in the ratio of 5 : 3 : 2. the total capital was fixed at 1800000 rupees to be contributed by P Q and R are in the ratio of 4 :3: 2. p granted a loan of 100000 rupees on 1st January 2018. the partnership deed provided and for interest on capital @ 10% per annum, interest on drawing @ 12% per annum salary to Q 6000 per month and salary to 6000 per quarter. Q drawings during the period ended 31st March 2018 were 50000. the profit of the firm for the period ended 31st March 2018 before providing for any interest and salary were 216000 prepare Profit and Loss appropriation account

Posted by Payal Giri 3 years, 10 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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