Accountancy, asked by ramijraja8343, 7 months ago

Simran and Reema are partner sharing profit in the ratio of 3 is to 2 their capital as on 31 March 2019 where 2 lakh each where was current account had balance of 50000 and 25000 respectively interest on capital is to be allowed 5% the firm earned net profit of 300000 for the year ended 31 March 2020 appropriation account please give me

Answers

Answered by mazhar89

0

Explanation:

50000 and Rs. 25000 respectively interest is to be allowed @5% p.a on balance in capital Accounts . the firm earned net profit of Rs. 3,00000 for the ... MArch , 2019 Pass the journal enteris for interest on capital and distribution of profit Also ... profit in the ratio of 3:2 their capital as on 31st March 2018 were Rs. 2,00,000 each ...

Previous Question

Next Question

Similar questions

Economy, 3 months ago

. Human beings interact with nature and create institutions to asselerate the economic development justify with example....... answer for 5 mrks......

English, 3 months ago

ns. 9 est. What do you understand by fuseseling.

Science, 3 months ago

What statistical test would be most appropriate if you were interested in seeing how religiosity changes in early adulthood? Religiosity was measured using an interval scale, and the same participants provided data at two time points – at age 18 and 28. Assume the data meets all assumptions for a parametric test.

Geography, 7 months ago

What is the area of Netherlands?

Math, 7 months ago

shobo's mother present age 6 time showbiz present age age find years from now will be one third of his mother present age what are their present ages...

English, 10 months ago

You went to watch a 3d movie for first time narrate your experience how do you feel when you came out of the theatre maximum 5 pages and it's hw pls solve it fast...

Science, 10 months ago

What is the full form of ivf...

Chemistry, 10 months ago

Kindly explain the law of constant proportion in chemical reactions with an example.