Question

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II PUC ACCOUNTANCY QUESTION BANK
2. & and D commenced their business with capitals 80,000, 60,000
respectively on 1" Apnl 2011. They agree to share the profits in the ratio
of 32. They earned a profit of 24,000 for the year ending 31" March
2012 before following adjustments
) Interest on capital on 6% pa
Annual salary to D 5,000
m) Interest on drawings C: 1.500 and D 1,000
v Partners drawings C 15,000 and D $ 10,000
Prepare Profit and Loss Appropriation account of the firm,
(Ans. Profit 13.100)​

Answer 1

Answer:

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