Question

Test at alpha = 0.05, the hypotheses H_0 : pi greater than = 0.33 versus H_A: pi less than 0.33 with p = 0.23 and n = 100.
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Answer 1

Explanation:

Transfer to reserve = 2,75,000×10/100

=27,500

Net profit = 2,75,000 - 27,500

= 2,47,500

Net profit will be distribute between XYZ in a equal proportion

X=2,47,500×1/3 = 82,500

Y=2,47,500×1/3 = 82,500

Z=2,47,500×1/3 = 82,500

Profit and loss (credit) a/c Dr. 2,47,500

To X's capital a/c. 82,500

To Y's capital a/c. 82,500

To Z's capital a/c. 82,500

( Being the profit distribute between partners)