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Asha and lata are partners sharing …

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Asha and lata are partners sharing profit in the ratio 2:1.Asha is entitled to a salary of ₹200000 P.a. and a commission of 8% of net profit before charging any commission. Lata is entitled a commission of 8% of net profit after charging her commission. Net profit for the year ended 31st March, 2022 amounted of ₹540000 Prepare profit & loss appropriation account (Share of profit : Asha ₹85600 and Lata ₹171200)

Posted by Sunita Kumari 3 weeks, 1 day ago

CBSE > Class 12 > लेखाशास्त्र

0 answers

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Asha and lata are partners sharing profit in the ratio 2:1.Asha is entitled to a salary of ₹200000 P.a. and a commission of 8% of net profit before charging any commission. Lata is entitled a commission of 8% of net profit after charging her commission. Net profit for the year ended 31st March, 2022 amounted of ₹540000 Prepare profit & loss appropriation account (Share of profit : Asha ₹85600 and Lata ₹171200)

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