Question

Soniya and Rejiv are partners sharing profit in the ratio
of 3:2 with cepital of rs. 500000 and 300000 respectively. Interest on capital is agreed 6%p.a.rajiv is to be allowed an annual salary of rs. 25000.During a year 2018-19, the profit prior to the calculate of interest on capital but after charging Rajiv's salary accounted to rs. 125000.A provision of 5% of the profit is to be made in respect of commission to the manager. p repare profit loss appropriation accountfor the year ending 31.03.2019​

Answer 1

Answer:

31.03.2019 is not your answer thats all what I can say!

Explanation:

Answer 2

ANSWER

A and B share profits in ratio 3:2

Profit & Loss Appropriation A/c

Particulars (Dr.) Amount Particulars (Cr.) Amount

To interest on capital

A's capital 3,000

B's capital 1,800

To salary a/c (B)

To profit on appropriation

A's capital 4,620

B's capital 3,080

4,800

2,500

7,700 By P&l a/c 12,500

+ B's salary 2,500 15,000

Hence, A's share of proit is Rs4,620 whereas B's share is Rs3,080