No products in the cart.

A and B are partners with …

CBSE, JEE, NEET, CUET

CBSE, JEE, NEET, CUET

Question Bank, Mock Tests, Exam Papers

NCERT Solutions, Sample Papers, Notes, Videos

A and B are partners with capital of 30000 and 10000 respectively on 1st April ,2017 . The trading profit (before taking into account the provision of deed ) for the year ended 31st March ,2018 was 12000. Interest on capital is to be allowed at 6%p.a. B is entitled to a salary of 3000 p.a. The drawing of the partners were 3000 and 2000. The interest on drawing for A is 100 and B 50 Assuming that A and B are equal partners ,prepare the profit & Loss Appropriation A/C as on 31st March ,2018 (The capital are fluctuating

Posted by Mohamadkaif Ansari 2 years, 2 months ago

Jharkhand Board > Class 12 > Accountancy

0 answers

ANSWER

http://mycbseguide.com/examin8/

Related Questions

Tools for financial statements 1

Posted by Shani Ravidas 2 years, 1 month ago

Jharkhand Board > Class 12 > Accountancy

1 answers

x ltd. has rs 1200000 11 percent debentures outstanding on 1st april 2016 . during the year ,it took a loan of rs 4 lakh from axis bank for which company deposited debentures of rs 5 lakh as collateral security. pass journal entries and show how the debentures and bank loan will appear in the company's balance sheet?

Posted by Sneha Raj 1 year, 11 months ago

Jharkhand Board > Class 12 > Accountancy

1 answers

X and Y are partners in a firm sharing profits and losses in the ratio of 3:1. They admit 2 as partner for 1/5th share of future profits of the firm. Z introduces 40,000, out of which? 20,000 is towards goodwill of the firm. You are asked to Journalise the above transactions in the books of the firm

Posted by Sagar Kumar 1 year, 10 months ago

Jharkhand Board > Class 12 > Accountancy

0 answers

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 2 years, 2 months ago

Jharkhand Board > Class 12 > Accountancy

0 answers

Mr x purchased a second hand machinery on 1.2.2013 for rs 50000

Posted by Ayushi Kumari 1 year, 9 months ago

Jharkhand Board > Class 12 > Accountancy

0 answers

A and B are partners with capital of 30000 and 10000 respectively on 1st April ,2017 . The trading profit (before taking into account the provision of deed ) for the year ended 31st March ,2018 was 12000. Interest on capital is to be allowed at 6%p.a. B is entitled to a salary of 3000 p.a. The drawing of the partners were 3000 and 2000. The interest on drawing for A is 100 and B 50 Assuming that A and B are equal partners ,prepare the profit & Loss Appropriation A/C as on 31st March ,2018 (The capital are fluctuating

Posted by Mohamadkaif Ansari 2 years, 2 months ago

Jharkhand Board > Class 12 > Accountancy

0 answers

The balance sheet of A and B as at 31st march,2018 is given below liabilities A,'s capital 60000 B's capital 30000 general reserve 24000 creditors 16000 Assets freehold property 20000 furniture 6000 stock 12000 debtors 80000 cash 12000 A and B shares profit and losses 2:1 they agree to admit C into the firm A provision for doubtful debts is to be created at 3% on the debtors furniture is depriciated by 5% stock is to be revalued at 10500 you are required to prepare a revaluation account

Posted by Namrata Kumari 4 months, 4 weeks ago

Jharkhand Board > Class 12 > Accountancy

0 answers

Depreciation accounting

Posted by Tisha Agarwal 1 year, 1 month ago

Jharkhand Board > Class 12 > Accountancy

1 answers

Chapter 2 ka question ka answer

Posted by Mohamadkaif Ansari 2 years, 2 months ago

Jharkhand Board > Class 12 > Accountancy

0 answers

Rajendra Mohan and radheya mohan are parents and they had rupees 40000 and Rupees 6000 in capital account as on 1st April 2017 respectively Rajendra Mohan pad in future rupees 5000 on 1. 112017 and another Rupees 6000 on 15.2.18 compute the interest on capital to be allowed partner assume the rate of interest to be 6%

Posted by Kajal Paswan 7 months, 2 weeks ago

Jharkhand Board > Class 12 > Accountancy

0 answers

myCBSEguide App

myCBSEguide

Trusted by 1 Crore+ Students

Test Generator

Test Generator

Create papers online. It's FREE.

CUET Mock Tests

CUET Mock Tests

75,000+ questions to practice only on myCBSEguide app

Google Play

Download myCBSEguide App