Rinku, Riya and Rinki are partners in a firm with capitals of 50,000, 40,000 and 20,000 respectively. Prepare profit and loss appropriation A/C for the year ended 31.12.2021, based on the following informations-
(a) Interest on capital to be allowed @ 10% p.a.,
(b) Rinku and Rinki are to be paid salaries @ 500 p.m. and 4000 p.a. respectively,
(c) Riya advanced loan of 6000 to the firm on 1.4.21, (d) Partners are entitled to share profit and loss in 3:2:1 ratio for the first Rs. 12,000 and rest is equally, (e) Net profit for the year ended 31.12.21 is 35,070
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Answer:
550069
Explanation:
bcz this is loss aand profit
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Maine aapke dusre question par answer Kiya h pls make me brainliest
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