Question

Monu, Sonu and Golu entered into partnership on 1 October 2014 to share profit and losses in the ratio of 4:3:3. Monu, however, personally guaranteed that Golu the share of profit after charging interest on capital at 10% per Monu, however, personally guaranteed that Golu share of profit after charging interest on capital at 10% per annum would not be less than Rs.80,000 in any year. The capital contribution were Monu Rs 300000 ,sonu ₹200000 , and golu ₹150000. The profit for the year ended 31 March 2015 amounted to Rs.160,000 prepare profit and loss appropriation account

Answer 1

easy hai pehle p&l app account bnaenge...usme int. on capital lgaenge monu ki 15k sonu ki 10k and golu ki 7.5k...uske baad jo profit aaega 127500 usko divide krenge ratio me...

monu- 51000

sonu- 38250

golu - 38250

but jo correct profit hoga wo ho jaega....

monu- 49250

sonu- 38250

golu- 40000