8. On 1-4-2013, Brij and Nandan entered into partnership to constructt

1.	8. On 1-4-2013, Brij and Nandan entered into partnership to constructtoilets in government girls schools in the remote areas of UttarakhandThey contributed capitals of 10,00,000 and 15,00,000 respectively.31-3-2009.Their profit sharing ratio was 2:3 and interest allowed on capital asprovided in the Partnership Deed was 12% per annum. During theyear ended 31-3-2014, the firm earned a profit of 2,00,000.Prepare Profit and Loss Appropriation Account of Brij and Nandan forthe year ended 31-3-2014.(C.B.S.E., 2015 A1)(Ans. Actual Interest on capital is 1,20,000 + 1,80,000 = 3,00,000 whichis less than actual profit * 2,00,000 so it should be shared in ratio of1,20,000 : 1,80,000 i.e., 2:3, i.e., * 80,000 and 1,20,000]Profit and lose anronriation Account with
Answer» ANSWER: DD Explanation: ASTER MAN

8. On 1-4-2013, Brij and Nandan entered into partnership to constructtoilets in government girls schools in the remote areas of UttarakhandThey contributed capitals of 10,00,000 and 15,00,000 respectively.31-3-2009.Their profit sharing ratio was 2:3 and interest allowed on capital asprovided in the Partnership Deed was 12% per annum. During theyear ended 31-3-2014, the firm earned a profit of 2,00,000.Prepare Profit and Loss Appropriation Account of Brij and Nandan forthe year ended 31-3-2014.(C.B.S.E., 2015 A1)(Ans. Actual Interest on capital is 1,20,000 + 1,80,000 = 3,00,000 whichis less than actual profit * 2,00,000 so it should be shared in ratio of1,20,000 : 1,80,000 i.e., 2:3, i.e., * 80,000 and 1,20,000]Profit and lose anronriation Account with

Answer»

ANSWER:

Explanation:

ASTER MAN

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