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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 20,000 and 16,000 respectively. Interest on capital is to be allowed 10% pa from profit prior to division thereof, the net profit for the year ending 31st Dec. 2017 before allowing interest on capital amounted to 9,800. Pass Journal entries and prepare Profit and Loss Appro priation Account.

Posted by Harsha Chandravanshi 1 year, 7 months ago

Chhattisgarh Board > Class 12 > Accountancy

1 answers

Shristi Namdeo 9 months, 2 weeks ago

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