Question

1)A B&C share profits and losses in the ratio 3:2:1.On 1st January 2019 the capital of the partners were A Rs 40,000 B Rs 30,000 and C Rs20,000. A draws Rs 600 ,B draws Rs250 and C draws Rs 200 on the last day of every month .
The profit for the year which ended on 31st December 2019 amounted to Rs 20,000
interest on capital was to be allowed at 8% and
interest of 6% was to be charged on the total amount drawn by each partner
salaries of Rs 6000 were to be credited annually to both B and C.
Write up the profit and loss appropriation account and the capital account of the three partners. ​

2) find : 4 years purchase of average profits
4years purchase of super profits.

profits for the last five years  

2010 is Rs 15,000  

2011 is  Rs 18,000  

2012 is Rs 20,000

2013is Rs 14,000  

2014 is Rs 17,000  

average capital employed in the business is Rs60,000  

Rate of normal profit is 20%

Answer 1

Answer:

bbbfbbfbhfkfkrgghfhhfjfn fbgvvvcghb

bbvbbbbbbn

Explanation:

gggghhhdjdjhfhfhdhehhrhfhhuryyrryryhthththgbf