Question

, 6
B). X, Y and Z were partners in a firm having capital of 1,00,000, 80,000
and 60,000 respectively. Their current account balances were: X-
6,000, Y - 35,000 and Z - 2,000 (Dr.). According to partnership
deed, the partners were entitled to interest on capital @ 6% p.a. Z was
entitled to salary of 5,000 p.a. while Y was entitled to commission
amounting to 4,000 p.a. The profits were to be divided as follows:
1.e., A53,
(i) The first * 24,000 in proportion of their capital.
(ii) Remaining profit to be divided equally.
(iii) They drew 1,000 p.m. each as drawings.
During the year, firm made a profit of 353,400 before charging any of
the above items. Prepare the Profit & Loss Appropriation Account and
current account of partners​

Answer 1

Answer:

I don't know the answer sorry