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K and B are partners in …

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K and B are partners in a firm sharing profit and losses in the ratio 5 : 3 their fixed capital where K ₹5,00,000 and P ₹3,00,000the partnership deed provided the following: a) K’s salary ₹ 5000 per month and P salary r₹ 48000 per annum b) Interest on capital @ 10% per annum Ignoring the above items profit of ₹ 348000 for the year ended 31st March 2020 was distributed between the partners Pass Adjustment Entry

Posted by Shraddha Dubey 3 years, 7 months ago

CBSE > Class 12 > Accountancy

1 answers

Sanu Jha 3 years, 7 months ago

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