Question

On 1 January, 2007 Vibhore and Vedang were partners. There capital was
Rs. 5,950 and Rs. 3,400 respectively. There was no partnership deed. On 1
August, 2001 Vibhore gave a loan of Rs. 1,275 to the firm. Profit during the year
2007 was Rs. 2,296.28. Prepare profit and loss appropriation account.
IT 7​

Answer 1

in the ratio of 2:2:1. Their capital balances on 01.04.2017 stood at rs 90000, rs 60000 and rs 40000

Hope this helps ❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️

Answer 2

$\huge\mathtt{\fbox{\red{Answer}}}$

in the ratio of 2:2:1. Their capital balances on 01.04.2017 stood at rs 90000, rs 60000 and rs 40000