Question

EXAMPLE 13.: Suraj, Dinkar and Aditya were partners in a firm having capitals
of 1,20,000,1,20,000 and +1,60,000 respectively. Their current account balances
were:Suraj 20,000: Dinkar 10,000 and Aditya (4,000 (Dr.).
According to the partnership deed :
a) Entitled to Interest on Capital @ 5% pa, and interest on drawings @ 6% p.Q.
(b) Aditya being the working partner was also entitled to a salary of < 12,000 p.a,
(c) Surat granted a loan of 1.00.000 to firm on 1st October 2018 on which he was to be
paid interest @9% p.a.
(d) Suraj started to draw +6,000 p.m. from 1st Jan., 2019 while Aditya has been drawing
36,000 p.m. from the beginning of financial year at the end of every month. Dinkar was
drawing 30.000 in the beginning of every quarter but he stopped drawing any amount
after 2nd quarter:
Profit is distributed as :
(I)The first 740,000 in proportion to their capitals.
(ii) Next 60,000 in 5: 3: 2.
(iii) Remaining profits to be shared equally,
The firm made a profit of 3,12,000 before charging any of the above items.
Prepare profit and Loss Appropriation A/C​

Answer 1

Answer:

I don't know the answer sorry