Question

1. Soumya and Bimal are partners in a firm Sharing profits and losses in
the ratio of 3:2. The balance in their capital and current accounts a
on April 01, 2017 were as under:
Soumya
Bimal
(Rs.)
(Rs.)
Capital Accounts
3,00.000
2,00.000
Current Accounts (Cr.)
1,00,000
80.000
The partnership deed provides that Soumya is to be paid salary @ Rs, 500 per
month where as Bimal is to get a commission of Rs. 40,000 for the year. Interest on
capital is to be credited at 6% p.a. The drawings of Soumya and Bimal for the year
were Rs. 30,000 and Rs. 10,000 respectively. The net profit of the firm before making
these adjustment was Rs, 2,49,000. Interest on Soumya's drawings was Rs. 750 and
Bimal's drawings, Rs. 250. Prepare Profit and Loss Appropriation Account and
Partner's Capital and Current Accounts.


Plzz give answer fast.

Answer 1

Answer:

Here is ur answer is attached

Answer 2

Explanation:

i think this is the answer but I am not 100% sure