Question

9.
. Distribution of Profit According to Partnership Deed
Ram, Shyam and Gopal are partners in a firm, sharing profits and losses in the ratio of
2:1:1 with capitals of 28.800; * 19,200 and 14,400 respectively on which interest
@ 5% per annum is payable. Gopal gets salary of 7,200 per annum and Shyam gets
commission on gross sales @ 3%. The firm showed profit of * 27,600. Gross sales
amounted to 3,36,000, interest on drawings was 192; 240 and 288 respectively.
Prepare Profit and Loss Appropriation Account.
Ans. Share of Profit : Ram 3,960 ; Shyam * 1,980 and Gopal 1,980
3.2.1 The​

Answer 1

Answer:

p q r are parntnrs in a firm sharing profit and losses in the ratio 2:3:4 s is admitted for 20% share in the firm p,q,r would in future sharing profit themselves 3/6 2/6 and 1/6 what is new profit sharing ratio