Question

. Y and Z are partners with capitals of *25,000 and 15,000 respectively on
Ist April, 2020. Each partner is entitled to 9% p.a. interest on his capital. Z is entitled
to a salary of 6,000 p.a. together with a commission of 6% of Net Profit remaining
after deducting interest on capitals and salary and after charging his commission. The
profits for the year ended 31st March, 2021 before making any of the above mentioned
adjustments amount to 30,800. Prepare Partner's Capital Accounts: (1) when capitals
are fixed, and (ii) when capitals are fluctuating.
[Ans. Divisible Profits 20,000.
(i) When capitals are fixed :
Current A/c balances : Y 12,250 (Cr.); Z 318,550 (Cr.)
Capital A/c balances : Y 25,000 (Cr.): Z 215,000 (Cr.)
(ii) When capitals are fluctuating:
Capital A/c balances : Y 37,250 (Cr.), Z 33,550 (Cr.)]
martners is not given in the question, the profits​

Answer 1

Answer:

क्षदज

Explanation:

हमारे चैनल को अवश्य सब्सक्राइब करें और बैल आइकन दबाना ना भूलें और तो और लाइक कमेन्ट शेयर अवश्य करे

Prince Kumar present official