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Astha and gomti are partners in …

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Astha and gomti are partners in a firm sharing profit and losses i the ratio of 2:1 their capital a/c as on 1 april 2011 stand at rs 70000 and rs 30000 respectively the partesrs are allowed interest on capital @10% p.a the drawings of the partners during the year ended 31st march 2012 amounted to rs 4800 and rs 3600 respectively interest charged on drawings at the rate of 10 % p.a. astha has given a loan to firm as on november 2011 of rs 20000 the profit of the firm before above adjustment was rs 80000 10 % of this profit is to be kept in reserve account Current a/c balances ob 1st april 2011 were astha rs 5000 cr gomti rs 23000 dr prepare p/l appropriate a/c

Posted by Cbse Guide 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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