Question

Yadu, Vidu and Radhu were partners in a firm sharing profits in the
ratio of 4:3:3. Their fixed capitals on 1st April, 2018 were 9,00,000,
= 5,00,000 and 34,00,000 respectively. On 1st November, 2018, Yadu
gave a loan of 80,000 to the firm. As per the partnership agreement :
(i) The partners were entitled to an interest on capital @ 6% p.a.
(ii) Interest on partners' drawings was to be charged @ 8% p.a.
The firm earned profits of 2,53,000 (after interest on Yadu's loan)
during the year 2018 - 19. Partners' drawings for the year amounted to
Yadu : 80,000, Vidu : * 70,000 and Radhu :
50,000.
Prepare Profit and Loss Appropriation Account for the year ending
31st March, 2019.

Answer 1

HEYA MATE YOUR ANSWER IS

ratio of 4:3:3. Their fixed capitals on 1st April, 2018 were 9,00,000,

= 5,00,000 and 34,00,000 respectively. On 1st November, 2018, Yadu

gave a loan of 80,000 to the firm. As per the partnership agreement :

(i) The partners were entitled to an interest on capital @ 6% p.a.

(ii) Interest on partners' drawings was to be charged @ 8% p.a.

The

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Answer 2

Explanation:

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