Question

On 1.4 2013. B and Nandan entered into partnership to construct toilets in
ovement girls schools in the remote areas of Uttarakhand. They contributed
capmals of? 10.000.000 and 15.00.000 respectively. Their profit sharing ratio was
2.3 and interest allowed on capital as provided in the Partnership Deed was 12%
per annum. During the year ended 31.3.2014, the firm earned a profit of 2.00.000
Prepare Profit and Loss Appropriation Account of Brij and Nandan for the year
ended 31.3.2014​

Answer 1

transfer of profit = 100000

brij=40000

Nandan=60000