Question

profit and loss appropriation account
Rajan, and sajan are two pertners sharing profit and losses in the retio of 3:1
the capital amount on 1 st january 2013of rajan 20000 and for sajan $1500on 30th June 2013 and sajan withdrew $1000on 31st august 2013. the partnership deed provided that:(1). interest on capital shall be allowed @5%p.a(2) interest on drawings shall be charged @6%p.a.(3) rajan is entitled to a salary of rupee250 pr month, (4)sajan is entitled to a commission @ 2% on sale during tha year profit of Rupee 18001 was made before making the above adjustment sale amount to Rupee 50000 .prepare profit and loss appropriation A/C and parters capital account...
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Answer 1

Explanation:

profit and loss appropriation account

Rajan, and sajan are two pertners sharing profit and losses in the retio of 3:1

the capital amount on 1 st january 2013of rajan 20000 and for sajan $1500on 30th June 2013 and sajan withdrew $1000on 31st august 2013. the partnership deed provided that:(1). interest on capital shall be allowed @5%p.a(2) interest on drawings shall be charged @6%p.a.(3) rajan is entitled to a salary of rupee250 pr month, (4)sajan is entitled to a commission @ 2% on sale during tha year profit of Rupee 18001 was made before making the above adjustment sale amount to Rupee 50000 .prepare profit and loss appropriation A/C and parters capital account...

Answer 2

Answer:

profit and loss appropriation account