Question

A and B and parens husimas on April 2015. The com
5.000 and 50.000 and the capital The decide to keep theo
Parship agreement further provides the following
A sad B will get a salary of 78.000 and 10.000 perambah es will create
Profits and losses shall be shared in the ratio of 4:3
Interest on drawings shall be charged at the rate of 15% per annum for the whole year on
the total amount of drawings made by them
The profits for the year ended 31st March, 2016 before making the above adjustments were
*3.80.000. The additional capitals contributed by A and B on 30th September 2015 were
30,000 and 40,000 respectively. The drawings of A were 225.000 and B30000. An
additional sum of 5,000 towards the remuneration for managerial services rendered by
paid to him, by the firm during the year.
Prepare profit and loss appropriation account and partners capital accounts
(Ans. Share of Protit: A2.01.000 and 1.50.750​

Answer 1

Explanation:

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