Question

1,67,350 and
A Presents the following profit and loss appropriation account to his partner B :
PROFIT AND LOSS APPROPRIATION ACCOUNT
DA.
48,000 By Profit for the year
1,00,40
To Salary to
To interest on Capital
9,600
4,800
14,400
7,200
To interest on B's loan@ 6%p.a.
To Proti trd. to :-
417
--8377
17,600
13,200
30,800
1,00,400
1,00
There is no partnership deed. B feels that he has not been treated fairly. Point out whe
A has contravened the provisions of law and draw out new profit and loss appropria
account as per provisions of Indian Partnership Act.
(Ans. Distributable profits as per Act 93,200, to he distributed equally among A an
Partners are not to be paid any salary or interest on capital, interest on partner's loar
been allowed @ 6% p.a.]​

Answer 1

Answer:

Dear Student

can you please write this in a piece of paper ?

there is a difficulty to understand the amounts that you have written .