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X, Y and Z are partners, …

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X, Y and Z are partners, their capitals being ₹3,00,000, 2,50,000 and ₹2,00,000 respectively. In arriving at these figures, the profits for the year ended, 31st March, 2022 2,40,000 has already been credited to the partners in the proportion in which they share profits. Their drawings were X 50,000; Y 40,000 and Z 30,000 for the year ending 31st March, 2022. Subsequently the following omissions were noticed and it was decided to bring them into Account. (i) Interest on Capital at 10% p.a. (ii) Interest on Drawings X 2,500, Y 2,000 and Z ₹1,500.

Posted by Rudra Goel 1 year, 10 months ago

CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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