Question

A, B and C were partners in a fiam having sepitals
was also entitled to a
and C: F 2,000 (Dr) According to the most nemlin
deed 10% of the profit is to be transferred to hich
Resexve and the postres were excited to interest
capital o @ 5% pa. C being the working pet
profits were to be divided as follows
ay The List & 20,000 in proportion to their capit
by Next 230,000 in the ratio of 5:302
g Remaining profits to be showed equally
om made a profit of 3 1,80,000 for the
ended 31st March, 2017 before charging any of the
above items. Prepare the profit & Loss Appropriation
Alccount and pois neceu osey journal entry for
apportionment of puolit
2 60,000; Ž 60,000 and 780,000 respectively. This
Current Account balonces were A: 10,000 Bies​

Answer 1

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