[NCERT] Q 8 Accounting for Partnership Basic Concepts Solutions Class 12

Share your love

Solutions of Question number 8 of Accounting for Partnership Basic Concepts NCERT Accountancy solutions Class 12 CBSE Board.

Ram, Raj and George are partners sharing profits in the ratio 5 : 3 : 2. According to the partnership agreement George is to get a minimum amount of ₹ 10,000 as his share of profits every year. The net profit for the year 2013 amounted to ₹ 40,000. Prepare the Profit and Loss Appropriation Account.

commerceschool.in

[Ans: Profit transferred to Ram’s Capital ₹ 18,750 Raj’s Capital ₹ 11,250 and George’s Capital ₹ 10,000]

commerceschool.in

Solution:-

Share your love
Anurag Pathak
Anurag Pathak

Anurag Pathak is an academic teacher. He has been teaching Accountancy and Economics for CBSE students for the last 18 years. In his guidance, thousands of students have secured good marks in their board exams and legacy is still going on. You can subscribe his youtube channel and can download the Android & ios app for free lectures.

Articles: 5884

Related Posts

Leave a Reply

Your email address will not be published. Required fields are marked *

close

Ad Blocker Detected!

Our Website is made possible by displaying online advertisements to our visitors. Please consider supporting us and remove the AD - Blocker to read this article.

Refresh