P nd q r partners in a firm sharing profits nd losses in ratio 2:3.thier fixed capital as on 1st april,2018 were rs 600000 and rs800000 respectively.as per partnership deed both partners r 2 get monthly salary of rs25000 each nd interest on capital@8percent p.a .they r 2 be charged interest on drawings@10%p.a . drawings during the year ended 31/3/19 were P:rs10000p.m and QRs120000 during the year. Firm incurred loss of Rs100000 during the year before above adjustment. prepare p/l appropriation?

Commerce Question

By Meenal Jain · May 25, 2020 ·Commerce
4 Answers
Nimisha Chittora answered May 25, 2020

Huzaifa Arthuna answered May 30, 2020
Very nice good job

Nitin Rana answered 3 weeks ago
What is balance sheet

This discussion on P nd q r partners in a firm sharing profits nd losses in ratio 2:3.thier fixed capital as on 1st april,2018 were rs 600000 and rs800000 respectively.as per partnership deed both partners r 2 get monthly salary of rs25000 each nd interest on capital@8percent p.a .they r 2 be charged interest on drawings@10%p.a . drawings during the year ended 31/3/19 were P:rs10000p.m and QRs120000 during the year. Firm incurred loss of Rs100000 during the year before above adjustment. prepare p/l appropriation? is done on EduRev Study Group by Commerce Students. The Questions and Answers of P nd q r partners in a firm sharing profits nd losses in ratio 2:3.thier fixed capital as on 1st april,2018 were rs 600000 and rs800000 respectively.as per partnership deed both partners r 2 get monthly salary of rs25000 each nd interest on capital@8percent p.a .they r 2 be charged interest on drawings@10%p.a . drawings during the year ended 31/3/19 were P:rs10000p.m and QRs120000 during the year. Firm incurred loss of Rs100000 during the year before above adjustment. prepare p/l appropriation? are solved by group of students and teacher of Commerce, which is also the largest student community of Commerce. If the answer is not available please wait for a while and a community member will probably answer this soon. You can study other questions, MCQs, videos and tests for Commerce on EduRev and even discuss your questions like P nd q r partners in a firm sharing profits nd losses in ratio 2:3.thier fixed capital as on 1st april,2018 were rs 600000 and rs800000 respectively.as per partnership deed both partners r 2 get monthly salary of rs25000 each nd interest on capital@8percent p.a .they r 2 be charged interest on drawings@10%p.a . drawings during the year ended 31/3/19 were P:rs10000p.m and QRs120000 during the year. Firm incurred loss of Rs100000 during the year before above adjustment. prepare p/l appropriation? over here on EduRev! Apart from being the largest Commerce community, EduRev has the largest solved Question bank for Commerce.
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