Question

QX and Y are partners in a
with the capital of 2300000 and
Rs 400000 respectively, and are
sharing profits and losses equally.
Their partnership deed provided that i-
a) Interest on capital will be
allowed @ 5% on capitale.
b) x was allowed a monthly solary
of Rs 2500 whereas 7 was
allowed a yearly salary of Ro 15000,
c) x was allowed a commission of
107 of the net divisible profil
before charging such commission.
The profit for the year amounted
Prepare P&L Appropriation Account
and Partners Capital Account.
R$ 4.20 Doo​

Answer 1

Answer:

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