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Yadu , Madhu and Vidu are …

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Yadu , Madhu and Vidu are partners sharing profits and losses in the ratio of 2:2:1. Their fixed capitals on April 01, 2021 were Yada 5.00.000, Madhu 4,00,000 and Vidhu 3,50,000. As per the partnership deed, partners are entitled to interest on capital 5 % pa. and Yadu has to be paid a salary of 2,000 per month while Vidu would be receiving a commission of 18,000 Net ins of the firm as per profit and loss account for the year ending March 31, 2022 amounted to 75,000. Prepare profit and loss appropriation account for the year ending March 31, 2022.

Posted by Fighter Gaming 2 years, 5 months ago

CBSE > Class 11 > English Core

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