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Jatin and Parekh were partners sharing P&L in the ratio of 3:3 . Their capital balances is on 1st April 2022 were 4,50,000 each. During the year they had withdrawn Rs 40,000 and 30,000 respectively. Their partnership Deed provides the following:-A) Interest on Capital @10% p.a B) Interest on Drawings @6% p.aC) Jatin is entitled to a salary of Rs 14,000 per month.D) Parekh is entitled to a half yearly rent of Rs 25,000. During the year ending 31st March , 2023 they had earned a net profit of Rs 15,48,700 before adjusting the above mentioned provisions , prepare P&L Appropriation A/c as on 31st March , 2023.? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared
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Here you can find the meaning of Jatin and Parekh were partners sharing P&L in the ratio of 3:3 . Their capital balances is on 1st April 2022 were 4,50,000 each. During the year they had withdrawn Rs 40,000 and 30,000 respectively. Their partnership Deed provides the following:-A) Interest on Capital @10% p.a B) Interest on Drawings @6% p.aC) Jatin is entitled to a salary of Rs 14,000 per month.D) Parekh is entitled to a half yearly rent of Rs 25,000. During the year ending 31st March , 2023 they had earned a net profit of Rs 15,48,700 before adjusting the above mentioned provisions , prepare P&L Appropriation A/c as on 31st March , 2023.? defined & explained in the simplest way possible. Besides giving the explanation of
Jatin and Parekh were partners sharing P&L in the ratio of 3:3 . Their capital balances is on 1st April 2022 were 4,50,000 each. During the year they had withdrawn Rs 40,000 and 30,000 respectively. Their partnership Deed provides the following:-A) Interest on Capital @10% p.a B) Interest on Drawings @6% p.aC) Jatin is entitled to a salary of Rs 14,000 per month.D) Parekh is entitled to a half yearly rent of Rs 25,000. During the year ending 31st March , 2023 they had earned a net profit of Rs 15,48,700 before adjusting the above mentioned provisions , prepare P&L Appropriation A/c as on 31st March , 2023.?, a detailed solution for Jatin and Parekh were partners sharing P&L in the ratio of 3:3 . Their capital balances is on 1st April 2022 were 4,50,000 each. During the year they had withdrawn Rs 40,000 and 30,000 respectively. Their partnership Deed provides the following:-A) Interest on Capital @10% p.a B) Interest on Drawings @6% p.aC) Jatin is entitled to a salary of Rs 14,000 per month.D) Parekh is entitled to a half yearly rent of Rs 25,000. During the year ending 31st March , 2023 they had earned a net profit of Rs 15,48,700 before adjusting the above mentioned provisions , prepare P&L Appropriation A/c as on 31st March , 2023.? has been provided alongside types of Jatin and Parekh were partners sharing P&L in the ratio of 3:3 . Their capital balances is on 1st April 2022 were 4,50,000 each. During the year they had withdrawn Rs 40,000 and 30,000 respectively. Their partnership Deed provides the following:-A) Interest on Capital @10% p.a B) Interest on Drawings @6% p.aC) Jatin is entitled to a salary of Rs 14,000 per month.D) Parekh is entitled to a half yearly rent of Rs 25,000. During the year ending 31st March , 2023 they had earned a net profit of Rs 15,48,700 before adjusting the above mentioned provisions , prepare P&L Appropriation A/c as on 31st March , 2023.? theory, EduRev gives you an
ample number of questions to practice Jatin and Parekh were partners sharing P&L in the ratio of 3:3 . Their capital balances is on 1st April 2022 were 4,50,000 each. During the year they had withdrawn Rs 40,000 and 30,000 respectively. Their partnership Deed provides the following:-A) Interest on Capital @10% p.a B) Interest on Drawings @6% p.aC) Jatin is entitled to a salary of Rs 14,000 per month.D) Parekh is entitled to a half yearly rent of Rs 25,000. During the year ending 31st March , 2023 they had earned a net profit of Rs 15,48,700 before adjusting the above mentioned provisions , prepare P&L Appropriation A/c as on 31st March , 2023.? tests, examples and also practice UPSC tests.