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Amal, Bimal and kamal are three partners. On 1st April, 2017, their Capitals stood as: Amal ₹ 40,000, Bimal ₹ 30,000 and Kamal ₹ 25,000. It was decided that: (a) they would receive interest on Capital @ 5% p.a. (b) Amal would get a salary of ₹ 250 per month. (c) Bimal would receive commission @ 4% on net profit after deducting commission, interest on capital and salary, and (d) After deducting all of these 10% of the profit should be transferred to the General Reserve. Before the above items were taken into account, the profit for the year ended 31st March, 2018 was ₹ 33,360. Prepare Profit and Loss Appropriation Account and the Capital Accounts of the Partners.

Answer» EXPLANATION:Ifildiudiodpyf SORRY IDK ANYTHING ABT it


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