Question

अस्माभिः ka pad Parichay do​

Answer 1

Answer:

Vivek and vedavrat are partners in a firm. He joins indraraj for a 1/4 part. Which is guaranteed a minimum annual profit of ₹60000. The amount of profit in excess of one 1/4 part given to him under the guarantee will be borne by both the old partners in the ratio 3:2 respectively. The firm has a partners of ₹100000 in the half year ending 31 march 2014. Create profit loss appropriation account and enter profit distribution journal.