Question

S and G decided to start a partnership firm to manufacture low cost jute bags,
They contributed capitals of 1,00,000 and 50,000 on 1" April, 2015 for this. S expressed his willingness
to admit H as a partner without capital, who is specially abled but a very creative and intelligent friend of
Gagreed to this. The terms of partnership were as follows:
S, G and H will share profits in the ratio of 2:2:1.
(ii) Interest on capital will be provided @ 6% p.a.
(1) H will be given a salary of 12,000 p.a.
(iv) On July 1"it was decided among S and that their total fixed capital in the firm will be 1,50,000
to be contributed equally by both of them.
It has also be given a commission of 5% of net divisible profit after charging such commission
The profit of the firm for the year ended 31" March, 2016 was 1,68,900.
Prepare Profit and Loss Appropriation Account
of 100 cach nayahle af 3 39 an application
(v)
1​

Answer 1

Answer:

I don't know the answer sorry