Please allow ads on our site
Please log in to access this content. You will be redirected to the login page shortly.
LoginYadu, Vidu and Radhu were partners in a firm sharing profits in the ratio of 4:3:3. Their fixed capitals on 1st April, 2018 were 9,00,000, = 5,00,000 and 34,00,000 respectively. On 1st November, 2018, Yadu gave a loan of 80,000 to the firm. As per the partnership agreement : (i) The partners were entitled to an interest on capital @ 6% p.a. (ii) Interest on partners' drawings was to be charged @ 8% p.a. The firm earned profits of 2,53,000 (after interest on Yadu's loan) during the year 2018 - 19. Partners' drawings for the year amounted to Yadu : 80,000, Vidu : * 70,000 and Radhu : 50,000. Prepare Profit and Loss Appropriation Account for the year ending 31st March, 2019.
Interview Questions Accountancy 1 year ago
Posted on 18 Jan 2024, this text provides information on Accountancy related to Interview Questions. 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.
No matter what stage you're at in your education or career, TuteeHUB will help you reach the next level that you're aiming for. Simply,Choose a subject/topic and get started in self-paced practice sessions to improve your knowledge and scores.
Similar Forum
Explore Other Libraries
Online Exams
Question Bank
Career News
Feeds
Full Forms
Dictionary
Interview Question
Gigs
Quotes
Lyrics
Videos
Courses
Blogs
Tutorials
Forum
Educators
Corporates
Tools
Please allow ads on our site
Please log in to access this content. You will be redirected to the login page shortly.
Login
ElwoodTigGC ElwoodTigGC![Tuteehub forum best answer]()
Best Answer
1 year ago
TE YOUR ANSWER ISratio of 4:3:3. Their fixed capitals on 1st April, 2018 were 9,00,000,= 5,00,000 and 34,00,000 respectively. On 1st November, 2018, Yadugave a LOAN of 80,000 to the firm. As PER the partnership agreement :(i) The partners were ENTITLED to an interest on capital @ 6% p.a.(II) Interest on partners' drawings was to be charged @ 8% p.a.TheHOPE THIS HELPS ❤️PLEASE MARK AS BRAINLIEST ❤️❤️FOLLOW ME PLEASEClick Here For Explanation