Question

8. On 1-4-2013, Brij and Nandan entered into partnership to construct
toilets in government girls schools in the remote areas of Uttarakhand
They contributed capitals of 10,00,000 and 15,00,000 respectively.
31-3-2009.
Their profit sharing ratio was 2:3 and interest allowed on capital as
provided in the Partnership Deed was 12% per annum. During the
year ended 31-3-2014, the firm earned a profit of 2,00,000.
Prepare Profit and Loss Appropriation Account of Brij and Nandan for
the year ended 31-3-2014.
(C.B.S.E., 2015 A1)
(Ans. Actual Interest on capital is 1,20,000 + 1,80,000 = 3,00,000 which
is less than actual profit * 2,00,000 so it should be shared in ratio of
1,20,000 : 1,80,000 i.e., 2:3, i.e., * 80,000 and 1,20,000]
Profit and lose anronriation Account with​

Answer 1

Answer:

DD

Explanation:

ASTER MAN

Answer 2

Answer:

see anyone this is correct or not format and solutions