Question

A', 'B' and 'S', who started
business on 1 January 2021,
appropriated the following
capital 'A', 5,00,000, 'B' 3,00,000
and 'C' 2,00 000
On 1 January 2021, the partners
agreed that a profit of up to Rs
2,00,000 would be divided in
proportion to their capital and
that A's would get 30%, 'B' would
get 30% and 'C' would get 40%.
'A' gave 50,000, 'B' 40,000 and 'S'
in the year
Withdrew 30,000. They receive
interest at the rate of 6% per
annum on the capital, the amount of profit without intrest on capital was 3,00,000 prepare a profit loss account and partners account.​

Answer 1

Answer:

business on 1 January 2021,

appropriated the following

capital 'A', 5,00,000, 'B' 3,00,000

and 'C' 2,00 000

On 1 January 2021, the partners

agreed that a profit of up to Rs

2,00,000 would be divided in

proportion to their capital and

that A's would get 30%, 'B' would

get 30% and 'C' would get 40%.

'A' gave 50,000, 'B' 40,000 and 'S'

in the year

Withdrew 30,000. They receive

interest at the rate of 6% per

annum on the capital, the amount of profit without intrest on capital was 3,00,000 prepare a profit loss account and partners account.