Question

Q2 Ram and Mohan were partners in a fim shanng profits and losses in the ratio of 23 The
following was the balance sheet of the firm as on 31st March 2019,
LIABILITIES
Ramesh capital
Mohan capital
AMOUNT (RS
200 000
LAMOUNTERS I ASSETS
90.000
sundry assets
110.000
2,00.000
200.000
The profits Rs 40000 for the year ended 31st March 2019 were divided between the partners
without allowing interest on capital @ 5% per annum and commission to Ram @ Rs 1000 per
quarter. The drawings of the partners dunng the year were Ram Rs. 2500 per month Mohan Rs.
10000 per quarter Showing your workings clearly pass necessary adjustment entry in the books
of the fimm​

Answer 1

Answer:

sorry I don't understand the question