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Kunal and saurabh are equal partners. …

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Kunal and saurabh are equal partners. On 1st Jan. 2017 their capitals were rs 20,000 and rs 16,000 respectively. Interest on capital is to be allowed 10% per annum from profit prior to division thereof, the net profit for the year ending 31st Dec. 2017 before allowing interest on capital amounted to rs 9,800. Pass the journal entries and prepare Profit amd loss appropriation account

Posted by Indrajit Kaur 1 year, 9 months ago

Chhattisgarh Board > Class 12 > Accountancy

1 answers

Kashish Bais 1 year, 9 months ago

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