Accountancy, asked by aathirai22, 6 months ago

‘X’ and ‘Y’ are partners in a firm sharing Profit and Losses

equally. On 1st January 2018 their capitals were Rs.20,000

and Rs.10,000 respectively. Interest on capital is to be

allowed at 5% p.a., from profit prior to division thereof.

The net profit for the year ending 31st December 2018,

before allowing Interest on capital amounted to Rs.9,500.

Give the journal entries and prepare Profit and Loss

appropriation account.​

Answers

Answered by sts29820
1

Answer:

FOLLOW ME I WILL GIVE YOUR ANSWER

Answered by nanthinikannan000200
0

Answer:

x=4000 y=4000

Explanation:

Similar questions