Accountancy, asked by aradhana2533, 2 months ago

Amar, Akbar and Anthony are partners in a business
and their capitals on 1st April, 2017 are 20,000; 16,000 and 4,000 respectively. The
partnership deed provides that:
once in a year
() 5% interest is to be allowed on capitals. (ii) Anthony gets 2,000 as annual salary.
(iii) Akbar gets commission @10% after charging such commission. (iv) Profits to be divided
in the ratio of 2:1:1. (v) Drawings---Amar 6,000; Akbar 5,000 and Anthony 4,000. The
Profits for the year ending on 31st March, 2018 without taking into account the above facts
are 17,200.
Draw Profit and Loss Appropriation Account, showing above transactions in the allocation
of profits among partners and Partners' Capital Accounts.
blution:​

HEY EXPERTS ,ANSWER THE QUESTION FAST AND IF U DON'T KNOW THE ANSWER THEN DON'T MENTION IT IN THE COMMENT BOX. THE ONE WHO ANSWERS FIRST WILL BE FOLLOWED BY ME

Answers

Answered by sangeeta9470
3

Answer:

profit and loss Appropriation account

particular. amt. particular. amt

Interest on. P&L a/c. 17200

capital

Amar. 1000

Akbar. 800

Anthony. 200

Anthony salary 2000

Commission

13200*10/110. 1200

Divisble profit

Amar 12000*2/4 6000

Akbar 12000*1/4 3000

Anthony 12000*1/4 3000

Total. 17200. Total. 17200

Capital Account

Amar. Akb. Ant. Amar. Akb. Ant

Drawing. ........ balance

6000 5000 4000. 20000. 16000. 4000

Int. 1000. 800. 200

salary 2000

comm. .. 1200

P&L app. a/c. 6000 3000. 3000

Balance

21000. 16000. 5200

Similar questions