Question

Ccount.
Solution:
PROFIT AND LOSS APPROPRIATION ACCOUNT
for the year ended 31st March, 2020
Cr.
Particulars
₹
Particulars
₹
1,20,000
90,000
33,000
By Profit and Loss Account
(Net Profit)
3,30,000
To Salary A/c (Harbir)
To Salary A/c (Ramesh)
To Commission A/c (Harbir)
R 3,30,000 x 10/100)
To Commission A/c (Ramesh)
R 3,30,000 x 10/110)
To Profit transferred to Capital A/cs:
Harbir
Ramesh
30,000
28,500
28,500
57,000
3,30,000
3,30,000
Illustration 36 (Salaru and Cammin​

Answer 1

Answer:

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