Question

two persons x and y join in a firm in march 2015 x got increase of 5% and y got increase of 3% if the salary of in april 2016 was Rs 30900 what was salary of x in april 2015​

Answer 1

Answer:

Kamini Mahato

X,Y and Z are partners in a firm sharing profits in 2:2:1 ratio. The fixed capitals of the partners were: X Rs.5,00,000;Y Rs.5,00,000 and Rs.2,50,000 respectively. The Partnership Deed provides that interest on capital is to be allowed @ 10% p.a. Z is to be allowed a salary of Rs.2,000 per month. The profit of the firm for the year ended 31st March, 2018 after debiting Z's salary was Rs.4,00,000

Prepare Profit and Loss Appropriation. Account.

EASY

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