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0.33. Kavita and Leela are partners …

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0.33. Kavita and Leela are partners with capitals of 36,00,000 and 34,00,000 and sharing profits & losses in the ratio of 2 : 1. Their partnership deed provides that interest on capitals shall be provided @8% p.a., and it is to be treated as a charge against profits. Prepare relevant account to allocate the profit in the following alternative cases : (1) If profit for the year is 31,10,000 (i) If profit for the year is 35,000 (ui) Ifloss for the year is 10,000

Posted by Brown Boy 4 years, 2 months ago

CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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