Question

Payment by Way of Annuity
25. Amar, Akbar and Jony are partners sharing profits and losses equally. Jony retires on 1st April, 2016
and his total claim on the firm is calculated at 7 40,000. He agreed to receive an annuity of 7 9,200 per
year. You are required to prepare Jony's Annuity Suspense Account assuming that unpaid balance
carried interest @5%p.a. The annuity is paid on 31st March each year and Jony dies on 25th April, 2019
TAns Interest
21 2 2017 Onn
919 2019 1610 31.3.201971 262​

Answer 1

Explanation:

This is i annuity payment