Accountancy, asked by havishamahajan29, 8 days ago

Y and Z who were sharing profits in the ratio
Sundry Creditors

Capitals :
Liabilities
Assets
1,40,000 Buildings
30,000 Stock
Debtors
4,00,000
Bank Balance
2,50,000
Y's Loan
1,50,000 8,00,000 Advertisement Suspense Alc
9,70,000
APS
5,00.000
2,00.000
1,60,000
25,000
40,000
45.000
9,70,000
Y retired on this date and X and Z decided to share future profits in the ratio of 3 : 2. The
partnership deed provides that:
(i) Goodwill of the firm will be calculated on the basis of total profits of the last two
years.
(ii) Profits of the last three years were 31,80,000; 31,60,000 and 32,00,000.
iii) Interest on loan given by the firm to a partner will be charged at the rate of 10% p.a.
iv) Interest on Capital will be allowed at 6% p.a.
Y had withdrawn 20,000 to the date of his death.
Prepare Y's Capital Account.​

Answers

Answered by dineshpal99494
0

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