Question

abhay and Baldwin are partners sharing profit in the ratiob3:1 on 31st March 2021 firm's net profit is 125000 the partnership deed provided interestbon capitalnto abhay and Baldwin 15000 and 10000 respectively and interest on drawings for the year amounted to 6000 from abhay and 4000 from Baldwin abhay is also entitled to commission @10% on net divisible profits calculate profit to be transferred to partners capital a/c's​

Answer 1

Answer:

Abhay Share of profit- @ is 77625

Baldwin share of profit is - @ is 25875