Question

51. A, B and C were partners in a firm having capitals of 50,000; 50,000 and 1,00,000 respectively.
Deed the partners were entitled to an interest on Capital @ 10% p.a.C being the working partner was a
Current Account balances were A: 10,000; B: 5,000 and C: 2,000 (Dr.). According to the Partner
entitled to a salary of 12,000 p.a. The profits were to be divided as:
(a) The first 20,000 in proportion to their capitals.
(b) Next 30,000 in the ratio of 5:3:2.
(c) Remaining profits to be shared equally.
Prepare Profit and Loss Appropriation Account and pass necessary Journal entry for the appropriatic
The firm earned net profit of 1,72,000 before charging any of the above items.
Prepare Profit and Loss Appropriat
56. Xe
₹
th
(
of profits.
​

Answer 1

Answer:

life is ruined in rain

Answer 2

Answer:

life is raining and I have been trying