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P,Q,R were sharing profits and losses …

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P,Q,R were sharing profits and losses in the ratio 5:3:2.They decided to share profits and losses equally,with effect from 1st april2023 they decided to record the effect of the following without effecting their book values (1)profit and loss A/c(dr.) Rs.40000 2.advertisement suspense a/c Rs.20000

Posted by Nitesha Agarwal 5 months, 2 weeks 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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Posted by Nischal Bu 3 days, 23 hours ago

CBSE > Class 12 > Accountancy

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Lokesh and Azad are partners sharing profits in the ratio 3:2, with capitals of Rs. 1,00,000 and 60,000, respectively. Interest on capital is agreed to be paid @ 6% p.a. Azad is allowed a salary of Rs. 5,000 p.a. During 2016, the profits prior to the calculation of interest on capital but after charging Azad’s salary amounted to Rs. 25,000. A provision of 5% of profits is to be made in respect of manager’s commission. Prepare partner’s capital accounts and profit and loss Appropriation Account.

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CBSE > Class 12 > Accountancy

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Posted by Nischal Bu 3 days, 23 hours ago

CBSE > Class 12 > Accountancy

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Posted by Harkirat Kaur 5 days, 7 hours ago

CBSE > Class 12 > Accountancy

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