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1. Radha and Raman are partners …

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1. Radha and Raman are partners in a firm sharing profits and losses in the ratio of 5:2 Capital contributed by them is Rs. 50,000 and Rs. 20,000 respectively. Radha was given salary of Rs. 10,000 and Raman Rs. 7,000 per annum. Radha advanced loan of Rs. 20,000 to firm without any agreement to rate of interest in deed while in deed rate of interest on capital was mentioned as 6% pa. Profits for the year are Rs. 29,400, Prepare Profit and Loss Appropriation Account for the year ending 31st March 2015

Posted by Rashpal Dhillon 5 months ago

CBSE > Class 12 > Accountancy

2 answers

Samyak Bhatia 1 year, 3 months ago

Partner's ka profit 8000 and 3200 hona chahiye

Rashpal Dhillon 1 year, 3 months ago

28200

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