Question

Q.23-
AjayBinaand Chetanwerepartnerssharingprofitsintheratioof3:3:2. Thepartnershipdeedprovidedforthef
ollowing:
Salaryof2000perquarterto AjayandBina.
Chetanwasentitledtoacommissionof8000.
Binaawasguaranteedaprofitof*50000perannum.
Theprofitofthefirmfortheyearended31st March 2015 was 150000whichwasdistributedamongAjayBina
andChetanintheratioof2:2:1, withouttakingintoconsiderationtheprovisionsofpartnershipdeed.
Passnecessaryrectifyingentryfortheaboveadjustmentsinthebooksofthefirm.Showyourworkworkingcle
arly. (5)​

Answer 1

Answer:

50000

Explanation:

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