Question

a a and b are partners sharing profit and losses in the ratio of their capital which were 600004 leg both partners will get monthly salary of pieces are interest on capital will be allowed 8% a will get a quarterly result of 24000 Fauji use of his property by the flip 5 July 2018 a and b granted loans for of rupees 150000 to the frame the frame in the cure a loss of 17250 before any adjustment is made as per partnership did with answer
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Answer 1

Solution

                                               Profit and Loss Appropriation a/c

                                              (for the year ended 31st March, 2018)

Dr.                                                                                                                      Cr.

Particulars Amount  Particulars  Amount  

To Salary to D

(3000*12) 36000  By profit and loss a/c 80000  

To interest on capital:

- C

- D  

6000

3600    

To Profit transferred to:

- C's Capital a/c

- D's Capital a/c  

17200

17200    

 80000   80000