Question

A and B are partners in a firm sharing profits in the ratio of 1:2 . Their
capitals on 1st April 2018 were 4,00,000 and 6,00,000 respectively. As Per
partnership deed, A is to get a monthly salary of 15,000 and interest on capitals is to
be provided @ 10% p.a and charged on drawings @ 12% p.a. During the year A withdrew 30,000 and B withdrew 50,000.
The firm incurred a loss of 60,000 during the year ended 31st March,
before above adjustments. You are required to prepare an account showing the
distribution of profit/loss .

Answer 1

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Answer 2

Answer:

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