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Fundamentals of Accounts by Sumit Star
Fundamentals of Accounts by Sumit Star
Fundamentals of Accounts by Sumit Star
commission) is guaranteed at not less than 1,50,000 p.a. Any deficiency arising on that
account shall be met by Ankur. The profit of the firm for the year ended 31st March,
Prepare Profit & Loss Appropriation Account for the year ended 31st March, 2022.
Q.4) Ajay, Manish and Sachin were partners profit in the ratio 5:3:2. Their capitals were
interest on Capitals were to be provided @9% p.a. instead of 6% p.a. for the year ended
March 31, 2022, Pass an adjustment entry and show the working clearly.
Q." A, B and C are three partners. On 1St April,2021 their capitals stood as: A B
c) B would receive commission @5% of net profit after deduction of commission and
Before the above items were taken into account profit for the year ended 31st march,2022
was