Question

Amit and Sumit Commenced business as partners on January 1,2012. Amit contributed birr 40,000 and Sumit birr25,000 as their share of capital. The parteners decidede to share their profits in the ratio of 2;1. Amit was entitled to annual salary of birr 6,000. Interest on capital was to be provided at 6% of their beginning capital balance. The drawing of Amit Sumit for the year ending December 31,2012 were birr 4,000 and birr 8,000 respectively. The net incom of the firm after providing Amit's salary interest on capital were birr 12,000.Then compute:
a. The total amount of net income earned by the partnership during the year 2012 The amount of income allocated to Amit in 2012
b. The capital balance of patner sumit for the year ending December 31,2012
c. The entry recordede to close income summary account and transfer the amount to the capital balace of the partner in the partnership

Answer 1

Answer:

रैखिक समीकरण युगम का सबसे वयापक रूप लिखिए