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Mahesh and Ramesh were partners in a firm sharing profits in the ratio of 5: 3. Their capital was₹ 3,00,000 and 2,00,000 respectively. The partnership deedprovided that: (a) Interest on capital should be allowed @ 12% per annum.(b) A commission of 5% of net profit should be allowed to Ramesh.The net profit for the year was 1,23,000. Prepare Profit & Loss Appropriation Accoun? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared
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the UPSC exam syllabus. Information about Mahesh and Ramesh were partners in a firm sharing profits in the ratio of 5: 3. Their capital was₹ 3,00,000 and 2,00,000 respectively. The partnership deedprovided that: (a) Interest on capital should be allowed @ 12% per annum.(b) A commission of 5% of net profit should be allowed to Ramesh.The net profit for the year was 1,23,000. Prepare Profit & Loss Appropriation Accoun? covers all topics & solutions for UPSC 2024 Exam.
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Mahesh and Ramesh were partners in a firm sharing profits in the ratio of 5: 3. Their capital was₹ 3,00,000 and 2,00,000 respectively. The partnership deedprovided that: (a) Interest on capital should be allowed @ 12% per annum.(b) A commission of 5% of net profit should be allowed to Ramesh.The net profit for the year was 1,23,000. Prepare Profit & Loss Appropriation Accoun?, a detailed solution for Mahesh and Ramesh were partners in a firm sharing profits in the ratio of 5: 3. Their capital was₹ 3,00,000 and 2,00,000 respectively. The partnership deedprovided that: (a) Interest on capital should be allowed @ 12% per annum.(b) A commission of 5% of net profit should be allowed to Ramesh.The net profit for the year was 1,23,000. Prepare Profit & Loss Appropriation Accoun? has been provided alongside types of Mahesh and Ramesh were partners in a firm sharing profits in the ratio of 5: 3. Their capital was₹ 3,00,000 and 2,00,000 respectively. The partnership deedprovided that: (a) Interest on capital should be allowed @ 12% per annum.(b) A commission of 5% of net profit should be allowed to Ramesh.The net profit for the year was 1,23,000. Prepare Profit & Loss Appropriation Accoun? theory, EduRev gives you an
ample number of questions to practice Mahesh and Ramesh were partners in a firm sharing profits in the ratio of 5: 3. Their capital was₹ 3,00,000 and 2,00,000 respectively. The partnership deedprovided that: (a) Interest on capital should be allowed @ 12% per annum.(b) A commission of 5% of net profit should be allowed to Ramesh.The net profit for the year was 1,23,000. Prepare Profit & Loss Appropriation Accoun? tests, examples and also practice UPSC tests.