Question

V. 31. Swaraj, Viraj and Maharaj are equal partners, their balances in der
capital accounts for the year ended 31st March, 2016 were 130,000,000
21.75,000 respectively
The balances in their current accounts were as follows
Swaraj
15.000 (Cr.
Viraj
13.000 (Dr.)
Maharaj
10,000 (Dr.)
The details of each partner's drawings during the year 2015-16 se
Swaraj 600 at the end of each month
Virai *800 at the beginning of each month,
Maharaj 3400 per month during 2015-16.
The partnership deed further provides that
(1) Partners are to be allowed interest on Capital Aic balances and that
on Current A/c balances @ 5% pa
(in) Partners are charged interest on drawings @ 5% pa
(in Maharaj is to be given a salary of 20,000 for the year
(iv) Swaraj is entitled to a commission of 10% of the corrected met profited
firm.
() Viraj is entitled to a commission of 10% of the corrected met profit of the
after charging such commission
During the year ended 31st March, 2016, the net profit of the firm was to
after deducting Maharaj's salary which had been debited to Salaries
You are required to prepare the Profit and Loss Appropriation AS
Ans. Divisible Profits 128 si
3260 Mah​

Answer 1

I don't know please say it's answer