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A and B are partners with …

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A and B are partners with a profit sharing ratio of 2:1 and capitals of ₹ 3,00,000 and ₹ 2,00,000respectively. They are allowed 6% p.a. interest on their capitals and are charged 10% p.a. interest on their drawings. Their drawings during the year were A ₹ 60,000 and B ₹ 40,000. B’s share of net profit as per profit and loss appropriation account amounted to ₹ 40,000. Net profit of the firm before any appropriations was:

Posted by Pardeep Brar 3 years, 2 months ago

CBSE > Class 12 > Accountancy

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Prashuk Jain 3 years, 1 month ago

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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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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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