Question

A&B are partners sharing in 3:2. Their
net divisible profits credited to B's capital
a/c Rs. 20,000 after A's commission Rs.
5,000; B's salary Rs. 5,000 per quarter,
B's commission @10% on net divisible
profit and interest Rs. 20,000 on A's
loan. Find out the amount of net profits
credited to P&L appropriation a/c.​

Answer 1

Answer:

Particulars AmountParticulars  AmountTo Manager;s 

commission

(15000*5/100) 750 By profit before B's Salary

(12500+2500) 15000To Net profit T/f to

P/L Appropriation

Account 14250   Total 15000 Total 15000                             Profit And Loss Appropriation Account Particulars Amount ParticularsAmount To Interest on capital

A = 50000*6% = 3000

B=30000*6% = 1800 4800 By net profit 14250 B's Salary 2500  To profit T/f to

A's Capital A/c = 4170

B's Capital A/c = 2780 6950   Total 14250 Total 14250                                          Partners  capital account Particulars A B Particulars A B    By bal b/d50000  30000    By Int on capital 3000 1800    salary  2500 To bal c/d 57170 37080 By P/L Appr A/c 4170 2780 Total 57170 37080 Total 57170 37080. 0ls thanks my answer and follow me plzzz and mark me the brainliest