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A and B partners sharing profits …

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A and B partners sharing profits in the ratio of 3:2 with capitals of 50000 and 30000 respectively interest on capital is agreed of the firm prior to calculation of interest on capital but after changing B's salary amount to12500 A provision of 5% of the profits is to be maintained in respect of managers commission prepare an account sharing allocation of profits and partners capital account

Posted by Mukdar Ansari 4 months, 3 weeks ago

Jharkhand Board > Class 12 > Accountancy

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A and B partners sharing profits in the ratio of 3:2 with capitals of 50000 and 30000 respectively interest on capital is agreed of the firm prior to calculation of interest on capital but after changing B's salary amount to12500 A provision of 5% of the profits is to be maintained in respect of managers commission prepare an account sharing allocation of profits and partners capital account

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