Solve question no. 21, extracted from Accountancy class 12th , by SK. singh. If you can, by full steps.
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uniquegirl288:
thanks for deleting my answer
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profit before interest 8400
less:- interest on a's loan - 2400
(80000×3/100)
interest on b's loan - 1200
(40000×3/100)
= 4800
now frofit after interest transfered to partners capital a/c in 2:3
p&l a/c Dr 4800
to a's capital a/c 1920
to b's capital a/c 2880
less:- interest on a's loan - 2400
(80000×3/100)
interest on b's loan - 1200
(40000×3/100)
= 4800
now frofit after interest transfered to partners capital a/c in 2:3
p&l a/c Dr 4800
to a's capital a/c 1920
to b's capital a/c 2880
y did u multiply by 3/100
6/100×1/2 =3/100 when not described about rate of interest in deed , then interest given 6 percent. here not given, when is given loan by partners so that interest will charged only for 6 months.
why did u multiply by 1/2
y did u multiply 6/100 by 1/2, from where did 1/2 come??
because not cleared about loan when is taken so that interest charged only half (1/2) year.
ohho ,thanks
Very very thanks...
i ll award u brainlest
thanks vicky I 'm happy for help you
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3
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this is your Answer Vicky
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