Question

Accounting for Partnership - Basic Concepts
2.13
Mlustration 6
On 1st January 2013, Arun and Anil entered into a partnership contributing 20,000
and * 30,000 respectively and sharing profits in the ratio of 1:2. Arun is to be allowed a
salary of 6,000 per year. Interest on capital is to be allowed at 5% per annum. Anil is
entitled to receive a commission of 2,000. During the year, Anil withdrew 2,000 and
Arun 2,500; interest on the same being * 40 and 50 respectively. Profit in 2013 before
the above mentioned adjustments was 15,000.
You are required to pass the necessary journal entries relating to appropriation of
profit and prepare the Profit and Loss Appropriation Account and the Partners' Capital
Accounts.can i have pand l account​

Answer 1

can you send the picture instead

it will be easier

also not many ppl answer these types of questions

especially high school answers