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Harsh and Keshav are partners sharing …

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Harsh and Keshav are partners sharing profits and loses in the ratio of 3:1. Their capitals at the end of the financial year 2019-20 were R1,50,000 and 75,000. During the year 2019-20, Harsh's drawings were 20,000 and the drawings of Keshav were R5,000, which had been duly debited to partner's capital accounts. Profit before charging interest on capital for the year was 16,000. The same had also been distributed in their profit sharing ratio. Keshav had brought additional capital of R16,000 on October 1, 2019. In

Posted by Muthu Mass 3 years, 6 months ago

CBSE > Class 12 > Accountancy

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Kashish Agrawal 3 years, 6 months ago

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