ram and laxman are partner in a firm sgaring profits and losses in tha ratio of 3:2 the balance in their capital account are ram 30000and laxman 20000 the partnership deed that ram is to be paid salary @rs. 500 p.m. and laxman is to get commission @ 2% on total sales. interest on capital and drawing is to be changed @ 6% p.m. the drawings of ram and laxman of the year were 3000 and 1000 respectively the profit earned by the before making above the adjustment was 24880 total sales of the firm were rs. 200000. prepare necessary accounts when capital accounts are fixed.
Answers
Answer:
ram and laxman are partner in a firm sgaring profits and losses in tha ratio of 3:2 the balance in their capital account are ram 30000and laxman 20000 the partnership deed that ram is to be paid salary @rs. 500 p.m. and laxman is to get commission @ 2% on total sales. interest on capital and drawing is to be changed @ 6% p.m. the drawings of ram and laxman of the year were 3000 and 1000 respectively the profit earned by the before making above the adjustment was 24880 total sales of the firm were rs. 200000. prepare necessary accounts when capital accounts are fixed.write this only
Answer:
ram and laxman are partner in a firm sgaring profits and losses in tha ratio of 3:2 the balance in their capital account are ram 30000and laxman 20000 the partnership deed that ram is to be paid salary @rs. 500 p.m. and laxman is to get commission @ 2% on total sales. interest on capital and drawing is to be changed @ 6% p.m. the drawings of ram and laxman of the year were 3000 and 1000 respectively the profit earned by the before making above the adjustment was 24880 total sales of the firm were rs. 200000. prepare necessary accounts when capital accounts are fixed.
Explanation:
Write this only.