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A and B are partners sharing profits equally. Their capitals as on 1st April, 2022 were *5,00,000 each. Partners are allowed interest on capital @5% p.a. Drawings of each partner were 1,00,000. Salary is to be allowed to B @ 5,000 per month. Net Profit for the year ended 31st March, 2023 was 8,80,000. 10% of the net divisible profit is to be set aside to General Reserve. Prepare Profit & Loss Appropriation Account for the year ended 31st March, 2023.? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about A and B are partners sharing profits equally. Their capitals as on 1st April, 2022 were *5,00,000 each. Partners are allowed interest on capital @5% p.a. Drawings of each partner were 1,00,000. Salary is to be allowed to B @ 5,000 per month. Net Profit for the year ended 31st March, 2023 was 8,80,000. 10% of the net divisible profit is to be set aside to General Reserve. Prepare Profit & Loss Appropriation Account for the year ended 31st March, 2023.? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A and B are partners sharing profits equally. Their capitals as on 1st April, 2022 were *5,00,000 each. Partners are allowed interest on capital @5% p.a. Drawings of each partner were 1,00,000. Salary is to be allowed to B @ 5,000 per month. Net Profit for the year ended 31st March, 2023 was 8,80,000. 10% of the net divisible profit is to be set aside to General Reserve. Prepare Profit & Loss Appropriation Account for the year ended 31st March, 2023.?.

Solutions for A and B are partners sharing profits equally. Their capitals as on 1st April, 2022 were *5,00,000 each. Partners are allowed interest on capital @5% p.a. Drawings of each partner were 1,00,000. Salary is to be allowed to B @ 5,000 per month. Net Profit for the year ended 31st March, 2023 was 8,80,000. 10% of the net divisible profit is to be set aside to General Reserve. Prepare Profit & Loss Appropriation Account for the year ended 31st March, 2023.? in English & in Hindi are available as part of our courses for Commerce. Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free.

Here you can find the meaning of A and B are partners sharing profits equally. Their capitals as on 1st April, 2022 were *5,00,000 each. Partners are allowed interest on capital @5% p.a. Drawings of each partner were 1,00,000. Salary is to be allowed to B @ 5,000 per month. Net Profit for the year ended 31st March, 2023 was 8,80,000. 10% of the net divisible profit is to be set aside to General Reserve. Prepare Profit & Loss Appropriation Account for the year ended 31st March, 2023.? defined & explained in the simplest way possible. Besides giving the explanation of A and B are partners sharing profits equally. Their capitals as on 1st April, 2022 were *5,00,000 each. Partners are allowed interest on capital @5% p.a. Drawings of each partner were 1,00,000. Salary is to be allowed to B @ 5,000 per month. Net Profit for the year ended 31st March, 2023 was 8,80,000. 10% of the net divisible profit is to be set aside to General Reserve. Prepare Profit & Loss Appropriation Account for the year ended 31st March, 2023.?, a detailed solution for A and B are partners sharing profits equally. Their capitals as on 1st April, 2022 were *5,00,000 each. Partners are allowed interest on capital @5% p.a. Drawings of each partner were 1,00,000. Salary is to be allowed to B @ 5,000 per month. Net Profit for the year ended 31st March, 2023 was 8,80,000. 10% of the net divisible profit is to be set aside to General Reserve. Prepare Profit & Loss Appropriation Account for the year ended 31st March, 2023.? has been provided alongside types of A and B are partners sharing profits equally. Their capitals as on 1st April, 2022 were *5,00,000 each. Partners are allowed interest on capital @5% p.a. Drawings of each partner were 1,00,000. Salary is to be allowed to B @ 5,000 per month. Net Profit for the year ended 31st March, 2023 was 8,80,000. 10% of the net divisible profit is to be set aside to General Reserve. Prepare Profit & Loss Appropriation Account for the year ended 31st March, 2023.? theory, EduRev gives you an ample number of questions to practice A and B are partners sharing profits equally. Their capitals as on 1st April, 2022 were *5,00,000 each. Partners are allowed interest on capital @5% p.a. Drawings of each partner were 1,00,000. Salary is to be allowed to B @ 5,000 per month. Net Profit for the year ended 31st March, 2023 was 8,80,000. 10% of the net divisible profit is to be set aside to General Reserve. Prepare Profit & Loss Appropriation Account for the year ended 31st March, 2023.? tests, examples and also practice Commerce tests.