Accountancy, asked by ADI1502, 7 months ago

Sumit and Pallavi are partners with capital of R40,000 and 320,000 on which they agree to allow
interest @ 6%p.a. Their respective share of profit is 2:3. The proſits prior to interest for the
are 13,000. Calculate interest on capital and show Profitand Loss Appropriation Account when
(a) interesi on capital is not a charge on profits (6) interest on capitalisa charge on profits.
3

Answers

Answered by YadhuKrishnan7050

4

Answer:

Hi

Answer is in attachment....

Hope it helps...

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