Question

Q-4 Singh and Gupta decided to start partnership firm to manufacture low cost jute bags as plastic
bags were creating many environmental problems. They contributed capitals of 21,00,000 and
550,000 on 1" April, 2012 for this. Singh expressed his willingness to admit Shakti as a partner
without capital, who is specially abled but a very creative and Intelligent frlend of hſs. Gupta
agreed to this. The terms of partnershlp were as follows:
Singh, Gupta and Shakti will share profits in the ratio of 2:2:1.
Interest an capital will be provided @6% p.a.
Due to shortage of capital, Singh contributed 725,000 on 30" September, 2012 and Gupta
contributed 310,000 an 19 January, 2013 as an additional capital. Profit of the firm for the year
ended 31 March, 2013 was 21,68,900.
Prepare profit and loss appropriation afc for the year ending 31* March, 2013,​

Answer 1

Answer:

the mid point of view of the day of the day