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Mercury and Jupiter are partners sharing profits in the ratio of 7:5. Their respective fixed capitals are Rs.10,00,000 and Rs.7,00,000. The Partnership Deed Provided for the following: (i) Interest on Capital @ 12 % p.a (ii) Mercury’s Salary Rs.6,000 per month and Jupiter’s Salary Rs.84,000 per year. The profit for the year ended 31st March,2017 was Rs.6,00,000 which was distributed equally, without providing for the above. Pass the necessary adjustment entry. for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about Mercury and Jupiter are partners sharing profits in the ratio of 7:5. Their respective fixed capitals are Rs.10,00,000 and Rs.7,00,000. The Partnership Deed Provided for the following: (i) Interest on Capital @ 12 % p.a (ii) Mercury’s Salary Rs.6,000 per month and Jupiter’s Salary Rs.84,000 per year. The profit for the year ended 31st March,2017 was Rs.6,00,000 which was distributed equally, without providing for the above. Pass the necessary adjustment entry. covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Mercury and Jupiter are partners sharing profits in the ratio of 7:5. Their respective fixed capitals are Rs.10,00,000 and Rs.7,00,000. The Partnership Deed Provided for the following: (i) Interest on Capital @ 12 % p.a (ii) Mercury’s Salary Rs.6,000 per month and Jupiter’s Salary Rs.84,000 per year. The profit for the year ended 31st March,2017 was Rs.6,00,000 which was distributed equally, without providing for the above. Pass the necessary adjustment entry..

Solutions for Mercury and Jupiter are partners sharing profits in the ratio of 7:5. Their respective fixed capitals are Rs.10,00,000 and Rs.7,00,000. The Partnership Deed Provided for the following: (i) Interest on Capital @ 12 % p.a (ii) Mercury’s Salary Rs.6,000 per month and Jupiter’s Salary Rs.84,000 per year. The profit for the year ended 31st March,2017 was Rs.6,00,000 which was distributed equally, without providing for the above. Pass the necessary adjustment entry. in English & in Hindi are available as part of our courses for Class 12. Download more important topics, notes, lectures and mock test series for Class 12 Exam by signing up for free.

Here you can find the meaning of Mercury and Jupiter are partners sharing profits in the ratio of 7:5. Their respective fixed capitals are Rs.10,00,000 and Rs.7,00,000. The Partnership Deed Provided for the following: (i) Interest on Capital @ 12 % p.a (ii) Mercury’s Salary Rs.6,000 per month and Jupiter’s Salary Rs.84,000 per year. The profit for the year ended 31st March,2017 was Rs.6,00,000 which was distributed equally, without providing for the above. Pass the necessary adjustment entry. defined & explained in the simplest way possible. Besides giving the explanation of Mercury and Jupiter are partners sharing profits in the ratio of 7:5. Their respective fixed capitals are Rs.10,00,000 and Rs.7,00,000. The Partnership Deed Provided for the following: (i) Interest on Capital @ 12 % p.a (ii) Mercury’s Salary Rs.6,000 per month and Jupiter’s Salary Rs.84,000 per year. The profit for the year ended 31st March,2017 was Rs.6,00,000 which was distributed equally, without providing for the above. Pass the necessary adjustment entry., a detailed solution for Mercury and Jupiter are partners sharing profits in the ratio of 7:5. Their respective fixed capitals are Rs.10,00,000 and Rs.7,00,000. The Partnership Deed Provided for the following: (i) Interest on Capital @ 12 % p.a (ii) Mercury’s Salary Rs.6,000 per month and Jupiter’s Salary Rs.84,000 per year. The profit for the year ended 31st March,2017 was Rs.6,00,000 which was distributed equally, without providing for the above. Pass the necessary adjustment entry. has been provided alongside types of Mercury and Jupiter are partners sharing profits in the ratio of 7:5. Their respective fixed capitals are Rs.10,00,000 and Rs.7,00,000. The Partnership Deed Provided for the following: (i) Interest on Capital @ 12 % p.a (ii) Mercury’s Salary Rs.6,000 per month and Jupiter’s Salary Rs.84,000 per year. The profit for the year ended 31st March,2017 was Rs.6,00,000 which was distributed equally, without providing for the above. Pass the necessary adjustment entry. theory, EduRev gives you an ample number of questions to practice Mercury and Jupiter are partners sharing profits in the ratio of 7:5. Their respective fixed capitals are Rs.10,00,000 and Rs.7,00,000. The Partnership Deed Provided for the following: (i) Interest on Capital @ 12 % p.a (ii) Mercury’s Salary Rs.6,000 per month and Jupiter’s Salary Rs.84,000 per year. The profit for the year ended 31st March,2017 was Rs.6,00,000 which was distributed equally, without providing for the above. Pass the necessary adjustment entry. tests, examples and also practice Class 12 tests.