Guarantee to profit practice this sum :
Q- ABC are partners
sharing profit & loss in the ratio 4:1. CC is giving a guarantee that his
share of profit in any given year would be Rs 5000/-.. Deficency if any would
be born by A & B equally.The profit for the year 1998 was Rs 40000/-. Pass
necessary journal entriesin the book of thr firm.
Q: A B C are partners they withdraw
following amount as drawings rate of interest on drawings is @10% p.a.Profit
for the year is Rs 30000/- you are required to calculate the interest on
drawings & prepare P/L Appropriation A/C show distribution of profit amoung
partners.
8
|
A
|
B
|
C
|
|
5000/-
3000/-
5000/-
2000/-
|
3000/-
2000/-
4000/-
1000/-
|
2000/-
3000/-
2000/-
1000/-
|
|
15000/-
|
10000/-
|
8000/-
|
No comments:
Post a Comment