Question

please solve this question.​

Answer 1

share a profit prs 9263553 and q rs92645baalance of ac is very cooling

Answer 2

Explanation:

PROFIT AND LOSS APPROPRIATION ACCOUNT

Particulars Amount Particulars Amount

To Int on capital

A=500000×8%

= 40000

B=300000×8%

= 2400 0 48000 By net profit 500000

To Commission

A=3000000×3% 90000

To Salary

B=5000×5 25000

To Commission

B(notes) 1581

To profits t/f to

A's Capital A/c= 23714

B's Capital A/c=7905 31619

Total 50000 Total 50000

PARTNERS CAPITAL ACCOUNT

Particulars A B Particulars A B

To drawings 8000 6000 By bal b/d 50000 30000

By Int on

capital 3000 1800

By commission 6000 1581

To bal c/d 74714 35286 By P/L app A/c 23714 7905

Total 82714 41286 Total 82714 41286

Notes:- Commission to B= 5% of profits after all expenses including such commission

= 50,000-4800-6000-6000

= 33,200*5/105 = 1581.