#26 Rathi Book | Partnership Accounting | Partner Capital A/C| Profit And Loss Appropriation Account

Описание: Krati and Shruti are partners sharing profits in the ratio of 7: 3 with capitals of 1,50,000 and 1,00,000 respectively. 5% Interest was agreed to be calculated on the Capital of each partner and shruti is to be allowed an annual salary of 24,000 which has not been withdrawn. During the year 2024. Krati and shruti withdrew 12,000 and 20,000 respectively. The profits for the year prior to calculation of interest on capital, but after charging shruti's salary amounted to 80,000. A provision of 3 1/8 % on this amount i.e.₹ 80,000 is to be made in respect of commission to the manager. Prepare Partner's Capital A/c and Profit and Loss Account showing allocation of profits.

Ans: (Net Profit - Krati₹ 45,500, Shruti ₹ 19,500) Capital A/c - Krati₹ 1,91,000: Shruti ₹1,28,500]

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   • Format Of P&L Appropriation A/C | लाभ हानि...  

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