Question

APPLICATION OF SECTION 37 OF PARTNERSHIP ACT
from the firm and total amount due to him at the time of retirement was 225,000 and
transferred to his loan account. Profit earned by the firm for the year ending 31st March, 2016
220,000. Pass Journal entry for distribution of profit and final payment to X if he received for
amount on 31st March, 2016 and decided to claim proportionate profit as per Section 37 d
Partnership Act. Assume Capital employed by the firm during 2015-2016 was? 1.5018
(including 25.000 due to X).
(Ans.: Final payment made to X30,000 including
25,000 as proportionate share in profiel
X Y and Z were partners sharing profits and losses in the ratio of 2 2 1 On 14.2015.X​

Answer 1

Answer:

pta nhi menu ............................xd

Answer 2

Answer:

pta nhi dear ..

Explanation:

difficult question