Question

2016-17
2017-18
15,000
25,000
Q.3 Abhishek withdraws Rs 2,400 per month on the first day of every month during
2019. Interest on drawings is charged at 8% per annum. Find out interest on drawings.
Q.6 P, Q and R are partners sharing profits and losses in equal proportion. They decide
to share future profits in ratio of 5:4:3. You are required to determine sacrifices and
gains ratio of partners.
Que no 7 consists of 5 sub parts.
Each questions will carry 4 marks. Attempt any 4 questions.
2.7 Distinguish between Receipts and Payments Account and Income and Expenditure
Account.
Q.8 Give any four points showing importance of partnership deed.​

Answer 1

Answer:

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