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X andYare partners sharingprofit and losses in theratio of 2: 3withcapitalsof Rs. 2,00,000 and Rs. 1,00,000 respectively passthenecessary Journal enteryor enteriesfor thedistributaion ofprofits / loss for theyear for theyear31stMarch , 2019 in each of theof thealternative cases : caseIfPArtnership Deed is silentas to theintereston capitaland theprofitfor theyear is Rs. 20,000. Case 2.if partnership Deed provides for intereston capital@ 6%p.aandlossfor theyearis Rs. 15,000. Case 3.if partnership Deed provides for interestforintereston capital@ 6% p.a and theprofitfor thetheyear is Rs. 21,000 . Case 4.if partnershipDeedprovides for interestforintereston capital @ 6% p.aas acharge onon profitandtheprofitfor theyear is Rs. 20,000. Case 5.if partnership Deedprovidesfor intereston capital @ 6%p.aas a chargeon profit andth profitfor theyear is Rs. 2,000 Case 6.ifpartners Deedprovides forinterest o capital@ 6%p.aas achargeon profitandth profitfor theyear is Rs. 18.000.

Answer» <html><body><p></p>Solution :<img src="https://d10lpgp6xz60nq.cloudfront.net/physics_images/TSG_ACC_XII_V01_C02_S01_023_S01.png" width="80%"/><br/> <img src="https://d10lpgp6xz60nq.cloudfront.net/physics_images/TSG_ACC_XII_V01_C02_S01_023_S02.png" width="80%"/><br/> <a href="https://interviewquestions.tuteehub.com/tag/note-1125278" style="font-weight:bold;" target="_blank" title="Click to know more about NOTE">NOTE</a> : profitand <a href="https://interviewquestions.tuteehub.com/tag/lossappropriationaccount-2801588" style="font-weight:bold;" target="_blank" title="Click to know more about LOSSAPPROPRIATIONACCOUNT">LOSSAPPROPRIATIONACCOUNT</a> willnot bepreparedbecauseinterest on capital iscahrge onprofit and hancedebiteed toprofitand <a href="https://interviewquestions.tuteehub.com/tag/lossaccount-1079421" style="font-weight:bold;" target="_blank" title="Click to know more about LOSSACCOUNT">LOSSACCOUNT</a> after allowingintereston capital , itresults <a href="https://interviewquestions.tuteehub.com/tag/inneither-2739495" style="font-weight:bold;" target="_blank" title="Click to know more about INNEITHER">INNEITHER</a> <a href="https://interviewquestions.tuteehub.com/tag/profit-1168589" style="font-weight:bold;" target="_blank" title="Click to know more about PROFIT">PROFIT</a> nor loss.</body></html>


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