Question

X and y are partners in 7:3 ratio . x is to get salaries rupees 7500 p.m which was increased by 40% from January 2014 .Y gets commission @ 2% on sales are $ 2500000 puls 10% on net profit after all appropriation including his 2% commission but before creating generalreserve .General reserve is created @ 20% on net distributable profits.Y is to get bonus @ 10% on the profits which exceeds $ 375000. The profits for the year ended 31.3 .13 $1000000 .Prepare profit and loss appropriation account

Answer 1

try you will get why so serious JOKER

try you will get why so serious JOKERtry you will get why so serious JOKER hbb h b j j j hbn j j h j hbb

Answer 2

Answer:

profit a=397404

b-170316

general reserves =141930

Explanation:

working note =commission 1000000-[99000+62500+5000]

                      =788500 multily 10 percent

general reserve =141930

[78500-78850]hope it will help u a lot plzaccept my invitation plz pplz plz

name th book plx dear plzplzplzplzzplzzpzl under bonous is typed wrong its 62500