Question

AandBarepartners,withcapitalcontributionofRs50,000andRs80,000

respectivelyon1-04-2019

Cwasadmittedasanewpartneron1-10-2019withcapitalcontributionofRs

60,000.A introduced freshcapitalofRs10,000 on1-10-2019,whileB

withdrewRs20,000from Capitalon1-1-2020.Awithdraw@ 2,000from the

firminthebeginningofeveryquarter.

ProfitsfortheyearendedMarch31,2018 Rs45,000weredividedequally

ignoringthetermsofthedeed.Asperdeed,Partnersareentitledto:

A)InterestonCapital10%p.a.

B)ProfitSharingratiobe2:2:1

Passadjustmententry.​

Answer 1

Answer:

thanks for the free point s

have a great day