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X and y are partners sharing …

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X and y are partners sharing profits in the ratio of 2 : 1 the under mentioned trial balance was extracted from their books as at 31 March 2017 X capital 320000 Y capital 240000 X drawings 40000 Y drawings 32000 stock first April 2016 45200 purchase 868000 sales 1245000 debtor 152000 creditors 48000 buildings 6 lakh

Posted by Sarika Khantwal 1 year, 1 month ago

CBSE > Class 12 > Accountancy

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Posted by Vansh Sharma 1 week, 3 days ago

CBSE > Class 12 > Accountancy

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Posted by Pozhil Veer 1 week, 1 day ago

CBSE > Class 12 > Accountancy

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On 1st April, 2015 X, y and X started a business in partnership. X contribute rupees 90,000 at first but withdraws rupees 30,000at the end of six months. Y introduces rupees 75,000 at first and increases it to rupees 90,000 at the end of four months, but withdraws it by rupee 60,000 at end of seven months. During the year ended 31st March 2016, they make a net profit of rupees 42,000. Show how the partners should divided this amount on the basis of effective capital employed by each partner.

Posted by Sushant Kamboz. 2 days, 8 hours ago

CBSE > Class 12 > Accountancy

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Posted by Soniya Yadav 1 day, 21 hours ago

CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy