Question

X Y Z were partners and firm having capital of 100000 and 80000 and 60000 respectively their current balance for X 60000 y5000 and red 2008 according to partnership deed the partners were entitled to interest on capital at the rate 6% per annum z was entitled to salary of 5000 per annum while why was entitled to commission amounting to 4000 per annum the province had to be divided as follows first the 24000 and proportion of their capital second remaining profit to be divided equally third they drew 1000 per month each as drawings during the year from made a profit of 53404 charging any of the above items prepared a profit and loss appropriation account and current account of the partners​

Answer 1

Answer:

Y Z were partners and firm having capital of 100000 and 80000 and 60000 respectively their current balance for X 60000 y5000 and red 2008 according to partnership deed the partners were entitled to interest on capital at the rate 6% per annum z was entitled to salary of 5000 per annum while why was entitled to commission amounting to 4000 per annum the province had to be divided as follows first the 24000 and proportion of their capital second remaining profit to be divided equally third they drew 1000 per month each as drawings during the year from made a profit of 53404 charging any of the above items prepared a profit and loss appropriation account and current account of the partners answer ok