Question

Q. 15. P and Q are partners sharing profits and losses in the ratio of 60:40. On is
April, 2017, their capitals were :P - 35,00,000 and Q- 33,00,000. During the year
ended 31st March, 2018, they earned a profit of 37,60,000. The terms of partnership
are :
(i) Interest on the capital is to be charged @ 8% p.a.
(ii) P will get commisson @ 3% on turnover.
(iii) Q will get a salary of 35,000 per month.
(iv) Q will get commission of 5% on profits after deduction of interest, salary and
commission (including his own commission).
(v) P is entitled to a rent of 320,000 per month for the use of his premises by the
firm.
Partner's drawings for the year were :P - 340,000 and Q - 30,000. Turnover
for the year was 320,00,000. After considering the above factors, you are required to
prepare the Profit and loss Appropriation Account and the Capital Accounts of the
Partners.

Answer 1

~Aмαη кя.נнα

~Aмαη кя.נнα───────────────────────────

~Aмαη кя.נнα───────────────────────────ㅤ

~Aмαη кя.נнα───────────────────────────ㅤDεαя Nεωтση bαвα,

~Aмαη кя.נнα───────────────────────────ㅤDεαя Nεωтση bαвα,Aρρℓε gíя gүα тσн кнαα ℓεтε

~Aмαη кя.נнα───────────────────────────ㅤDεαя Nεωтση bαвα,Aρρℓε gíя gүα тσн кнαα ℓεтεíηηα тαмαsнα кαяηα кí күα zαяσσяαт тнí..xD

~Aмαη кя.נнα───────────────────────────ㅤDεαя Nεωтση bαвα,Aρρℓε gíя gүα тσн кнαα ℓεтεíηηα тαмαsнα кαяηα кí күα zαяσσяαт тнí..xDㅤ

~Aмαη кя.נнα───────────────────────────ㅤDεαя Nεωтση bαвα,Aρρℓε gíя gүα тσн кнαα ℓεтεíηηα тαмαsнα кαяηα кí күα zαяσσяαт тнí..xDㅤ───────────────────────────

~Aмαη кя.נнα───────────────────────────ㅤDεαя Nεωтση bαвα,Aρρℓε gíя gүα тσн кнαα ℓεтεíηηα тαмαsнα кαяηα кí күα zαяσσяαт тнí..xDㅤ───────────────────────────~Nεωтση bαвα…♡