Accountancy, asked by sakshitanya2004, 4 months ago

on 1st April 2018, manoj retired from partnership and his share was ascertained on the date of retirement from the following:-
Goodwill 30000, interest on capital 750, salary 2250, drawings 30000, interest on drawings 3000, share of profit 37500, capital 112500
the amount due to manoj was to be kept with the firm as a loan bearing interest@10%p.a. and was to be paid to manoj by annual instalments of₹75000 each, interest being calculated@ 10% p.a. on the unpaid balances. The first installment was paid on 31st March, 2019.​


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Answers

Answered by avanishreddyb5avhs
2

Answer:

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Explanation:

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