Question

Ravish and Sanchit vore poilrent in a timbrich
bastit in solio of 3:2. On
Lone Raoon and 15,000. On 1.1 July 2015 they
decided their total copital is een should be
11 woh Turther decided that the capstad (flored 2 con
be in their profil shwung vratio Arene dingly they
intamuced on voi tubes the necco any of
Partnership need provide the collowing-
lis interest on capital @loper annun
1:1) interest on monings 2 61. hon annum
(hil Parish is entitled to annual zolary & bon
(10) Samhil 16 entilood to a salwy abno
Dooming of solish and gandil bene 1999
andalono fone yoon ended Mouch 3161, 2016. The
Paott rosiner) by the floom ten year ended 31st
March 2016 wahal noolest of this profit vos to
be hebt in a
You are required to prepare
(i) Profit and Lost appropriation Account
(11) Partners? cohila Accounta.
(i) Pontresih' wirent account.​

Answer 1

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