Question

riya and Siya are partners of the firm sharing p and l in the ratio of 2:1 there capital were RS.190000 and RS.160000 the profit during the year were RS.100000 both the partners are allowed for a salary RS.1400 p.m to Riya and RS.1000 pm to Siya int.on.cap is allowed at 5 percentage the drawing at the end of the period were RS.18500 for Riya and RS.16500 for Siya int.on.drawing is charged at 5percentage p.a prepare p and l appropriation account​

Answer 1

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