Meeta and Radha are partners in a firm. Their capital stood 20,000 and 16,000
respectively. Radha is entitled to get salary of 600 per month. Interest on capital
is 6% per annum. The profit of the firm before the above adjustment was 12,000.
Prepare Profit & Loss Adjustment Account.
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Explanation:
calculation of ioc
MEETA; 20,000×6/100
=1,200
RADHA; 16,000×6/100
=960
PLS MARK IT AS BRAINLIEST.....
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