Question

FUNDAMENTAL
AC
1.106
re
o
p
by each partner.
ACCOUNTING FOR PARTNERSHIP FIRMS
Q. 35. On 1st April, 2015 X, Y and Z started a business in partnership. X
contributes 790,000 at first but withdraws 30,000 at the end of six months.
introduces *75,000 at first and increases it to 90,000 at the end of four months, but
withdraws 30,000 at the end of eight months. Z brings in 75,000 at first but
During the year ended 31st March, 2016, they make a net profit of 42,000. Show
how the partners should divide this amount on the basis of effective capital employed
increases it by 60,000 at the end of seven months.
[Ans. Profit sharing ratio of X, Y and Z=3:3:4.]​

Answer 1

You should have to post only one question at a time.

So , u will easily get the answer