Question

A and B are partners with capitals of ₹ 3,00,000 and ₹ 2,00,000 respectively. As per partnership deed: (i) Profit and losses are to be shared in 2:1. (ii) 10% of the distributable profit should be transferred to General Reserve. For the year ending 31st March, 2021, B’s profit was 1,20,000. Amount transferred to general reserve will be: (A) ₹12,000 (B) ₹36,000 (C ) ₹24,000 (D) ₹40,000​

Answer 1

Answer:

Explanation:Option D - 40,000 is correct.The following image will provide detailed information.Thanking you

Answer 2

Explanation:

hope its helpful!!!!!!!!!!!!!