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Loginthepartners of afirmaliabhanu andchanddistributedtheprofitsfor theyearended31st March ,2017Rs. 80,000in theratioof 3,2 :2withoutproviding for thefollowing adjustments :
(A)aliaand chand wereentitledtoa salary of Rs,1,500 each permonth .
( B )bhanu and chand hadguaranted a minimumprofit ofRs. 35,000P.ato Aliaany deficiency to borneequallybybhanu and chand .
(c ) bhanuwas entitled for a commissionofRs. 4,000
pass the necessaryjournalentry for theaboveadjustmentin thebooksof thefirmshowworkings cleasrly eachper month . for a commissionof Rs.
Class 12 Accounts in Class 12 3 years ago
Posted on 04 Dec 2021, this text provides information on Class 12 related to Accounts in Class 12. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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