Question

Mr.X and Mr.Y started their business with capital of rs.100000 and rs.50000 respectively on 1 st april 2008 .They agreed to share the profit equally for the year ending 31st march 2009 .They earn profit rs.24000 before adjustment of following:
a.Interest on capital at 6% per annum.
b.Mr.Y brought salary rs.5000 per annum
c.Interest on drawings :
Mr.X = 1500
Mr.Y = 1000
d. partners drawing :
Mr.X = 15000
Mr.Y = 10000
You are required profit and loss appropriation a/c​

Answer 1

Answer:

so let me the be x 15000 × 15000 in the profit and selling price