15. Kaju, Badam and Anjir are partners in a firm sharing profits in the ratio of 2:2:1,
Anjir is guaranteed 1,20,000 as his share of profit every year. Deficiency, if any,
on that amount shall be bom by Badam. The profits for the year ending. 31.03.2020
$5,00,000. Fill up the missing figures in the following Profit and Loss Appropriation
4
Account
Profit and Loss Appropriation A/C
for the year ended 31st March, 2020
Particulars
Amount Particulars Amount
₹
R ₹
To Kaju's Capital A/C:
By Net Profit as per
Usual Share of Profit
profit and Loss A/C
*50,000x...
To Badam's Capital A/c:
Usual Share of Profit
850,000.....
........
Less: Guaranteed Share
of Profit to Anjir
To Anjir's Capital Alc:
Usual Share of Profit:
50,000x.....
Add: Deficit amount
transferred from Badam
Total
Total
OR
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