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Abhinav Kashyap 1 year, 4 months ago

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Janvi Pal 1 year, 4 months ago

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Sujata Ghosh 1 year, 4 months ago

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Tejash Saikrishna Behera 1 year, 5 months ago

https://mycbseguide.com/dashboard/challenge/testpaper/10dade51-ebd5-4879-bb0e-0f8c59c63fa0/take-test?mode=to-me
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Guneet Kaur 1 year, 4 months ago

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Mr Thunder 1 year, 5 months ago

To prepare the Profit and Loss Appropriation Account for the year ended 31.3.2007, we need to follow these steps: 1. Calculate the total net profit of the firm. 2. Deduct John's monthly salary from the net profit. 3. Calculate David's commission on the remaining profit. 4. Allocate the remaining profit between David and John based on their profit-sharing ratio. Let's do the calculations: 1. Total net profit of the firm: Total net profit = Rs. 1,40,000 2. Deduct John's monthly salary: John's salary for the year = Rs. 2,500 * 12 months = Rs. 30,000 Remaining profit after salary = Rs. 1,40,000 - Rs. 30,000 = Rs. 1,10,000 3. Calculate David's commission: David's commission = 10% of Rs. 1,10,000 = Rs. 11,000 4. Allocate remaining profit between David and John: David's share = (4/5) * Rs. 1,10,000 = Rs. 88,000 John's share = (1/5) * Rs. 1,10,000 = Rs. 22,000 Now, let's prepare the Profit and Loss Appropriation Account: ``` Profit and Loss Appropriation Account For the year ended 31.3.2007 Particulars Amount (Rs.) ---------------------------------------- Net profit (as per P&L) 1,40,000 Less: John's salary 30,000 -------- Remaining profit 1,10,000 David's commission -11,000 -------- Remaining profit for distribution 99,000 David's share (4/5) 88,000 John's share (1/5) 22,000 -------- Total 1,10,000 -------- ``` This is the Profit and Loss Appropriation Account for the year ended 31.3.2007, showing how the net profit is distributed between David and John after deducting expenses and commission.
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Surjot Kaur 1 year, 4 months ago

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Liza Mariyam 1 year, 4 months ago

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Lavkush Giri 1 year, 4 months ago

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Lakshay Joshi 1 year, 5 months ago

No it's present in leafs
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Mr Thunder 1 year, 4 months ago

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Rishman Sohi 1 year, 4 months ago

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Guneet Kaur 1 year, 4 months ago

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Sami Pariat 1 year, 4 months ago

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Sunil Patil 1 year, 4 months ago

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Saptaparno Bhattacharjee 1 year, 5 months ago

BCA is equal to 65 b is equal to 55 find a d e a d AC
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Roselin Mohapatra 1 year, 4 months ago

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