Question

X, Y and Z are in partnership with capitals of 1,20,000 (Credit); 1,00,000 (Credit) and 78,000 (Debit) respectively on 1st April, 2015: Their partnership deed provides the following: () Partners are to be allowed interest on capitals @ 5% pa. and are to be charged interest on drawings @ 6% p.a. (in) X is entitled to a commission of 10% of the net profit before charging such commission (an) Y is also entitled to a commission of 10% commission and clause (in) above. (iv) Z is entitled to a rent of of the net profit after charging his 1,000 per month for the use of his premises by the the month and Z 400 at the end firm firm. During the year, Withdrew 7200 at the beginning of every month, Y 7300 during of every month, a firm for the year ended 31st March, 2016 before providing for The net profit of any of the above clauses was 1,11,000. From the above you are required to draft only the Profit and Loss Appropriation Account for the year ended 31st March, 2016,​

Answer 1

Answer:

꧁Question ꧂️

Exact Form:

35

2

Decimal Form:

17.5

Mixed Number Form:

17

1

2

Explanation:

559 people helped. Answer: Step-by-step explanation: if x=9 and y=4. sub=x-y =9-4=5. addx+y=9+4=13. arrenhasyd and 132 Present the following items in the Balance Sheet of Royal’s Club as at 31st March,2020:

Rs.

Capital Fund (1st April ,2019)

Building Fund (1st April,2019)

Donation received for Building

10% Building Fund Investments (1st April,2019)

Interest received on Building Fund investments

10,80,000

4,80,000

6,00,000

4,80,000

48,000

Expenditure on construction of building Rs.3,60,000. The construction work is in progress and has not yet been

completed. (3)