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Anubha and Kajal are partners of …

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Anubha and Kajal are partners of a firm sharing profits and losses in the ratio of 2: 1. Their capital was 90,000 and 60,000. The profit during the year was 45,000. According to partnership deed, both partners are allowed salary, 700 per month to Anubha and 500 per month to Kajal. Interest allowed on capital @5% p.a. The drawings at the end of the period were 8,500 for Anubha and 6,500 for Kajal. Interest is to be charged @ 5% p.a. on drawings. Prepare partners' capital account assuming that the capital accounts are fluctuating. (NCERT)

Posted by Vaibhav Tandi 1 year, 6 months ago

MP Board > Class 12 > Accountancy

1 answers

Khush Verma 1 year, 6 months ago

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Posted by Sudheer Parmar 5 months, 2 weeks ago

MP Board > Class 12 > Accountancy

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Ameer and basheer partners sharing profits in the ratio of 3 : 2. From 1st Jan. 2018 they admit Sameer into partnership giving him 1/5th share of the profit; with a guarantee of 16,000 minimum. Ameer and Basheer as between themselves continued to share profit as before. Profit of the firm for 2018 was ₹ 40,000. Prepare Profit and Loss Appropriation A/c.

Posted by Account Deleted 8 months ago

MP Board > Class 12 > Accountancy

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Posted by Vanisha Saxena 7 months, 2 weeks ago

MP Board > Class 12 > Accountancy

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What is company

Posted by Rupesh Patil 6 months, 3 weeks ago

MP Board > Class 12 > Accountancy

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Posted by Rajpal Mandlloi 5 months ago

MP Board > Class 12 > Accountancy