Question

X&Y are Partners commenced Partnership business on 1.1.2016 sharing profits8. losses in 3:2 ratio with capitals of Rs 1,00,000 and 80,000 respectively. They
carned profits of 15,000 for the year before allowing:
a) Interest on Capitals @ 10% p.a.
b) Interest on drawings: X+1,000 & Y 1800
c) Commission payable to X 2000
d) Salary payable to Y 73000
Prepare P&L Appropriate A/c for the year ending 31.12.2017
in the ratio of 2:1 Their​

Answer 1

Answer:

ans is (D) Salary payable to Y 73000

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