A.B C and D are partners in a firm sharing profits as 4:3:2:1 respectively . It earned a neet profit of RS. 1,80,000 for the year ended 31st March ,20

Monjur Alahi

A.B C and D are partners in a firm sharing profits as 4:3:2:1 respectively . It earned a neet profit of RS. 1,80,000 for the year ended 31st March ,2019 as per the partnership Deed they are to charged a commission @20% of the profit after charging such commission which they eill share as 2:3:2:3.
you are required to show approprition of profits among the patners .


0 like 0 dislike
1 views
Share with your friends

1 Answers

Salim Ahmed Kawsar

Call

Commission payable to the partners `=20//120xxRs.30,000 `which will be
shared as :A-Rs. 6,000 :B-Rs. 9,000 ,C-,C-Rs. 6,000 and D-Rs. 9,000 ,
share of profit ,A 60,000 ,B-Rs. 5,000 ,CRs. 30,000 and D-Rs. 15,000.

0 like 0 dislike
1 views
Talk Doctor Online in Bissoy App
Y Ltd. Has earned a profit of ₹ 50,000 for the year ended 31 st March 2019 .Y Ltd, had fixed assets having net value ( after depreciation) of ₹ 7,50,0

Return on Total Assets Ratio`=("Profit after Tax ")/(" Total Assets ")xx100 =(" ₹ 50,000 ")/("10,00,00")xx 100 = 5%` Total Assets = Net Fixed Assets + Current Assets = ₹ 7,50,000...

2 Answers 1 views
Why have you shown ₹ 23,755 lakhs being dividend related to financial year ended 31st March, 2014 as outflow of cash in the financial year ended 31st

It is shown as an outflow during the year because proposed dividend is paid after it is apporved by the shareholders .Since proposed dividend pf 2014 is approved by the...

2 Answers 1 views
A, B and C were partners in a firm sharing profits in the ratio of 3 : 2 : 1. They admited D as a new partner for 1/8th share in the profits, which he

New profit-sharing Ratio -24 : 13 : 5 : 6.

2 Answers 2 views
X and Y are partners in a firm sharing profits and losses in the ratio of 3 : 2. Z is admitted as partner with 1/4th share in profit. Z acquired his s

New Profit-sharing Ratio-26 : 19 : 15.

2 Answers 2 views
Find New Profit-sharing Ratio: (i) R and T are partners in a firm sharign profits in the ratio of 3 : 2. S joins the firm. R surrenders 1/4th of his s

(i) New Profits-sharing Ratio of R, T and S-45: 32 : 23, (ii) New Profit-sharing Ratio of A, B and C-2 : 1 : 1, (iii) New Profit-sharing Ratio of...

2 Answers 1 views
A and B are partners sharing profits in the ratio of 3 : 2. C is admitted as a partner. The new profit-sharing ratio among A, B and C is 4 : 3 : 2. Fi

Sacrificing Ratio-7 : 3.

2 Answers 1 views
M and J are partners in a firm sharing profits in the ratio of 3 : 2. They admit R as a new partner. The new profit-sharing ratio between M, J and R w

Goodwill will be shared by M and J equally.

2 Answers 1 views
AandB are partners in firm sharing profits in the ratio of 3:2 they had advanced to the firm Rs. 30,000 as a loan in their profit- sharing ratio on 1s

interest payable to A -Rs. A-Rs. `xx`3/5`xx`6/10 `xx`6/12=Rs. 540, interest payable to B-Rs. 30,000`xx`2/5`xx`6/10 =Rs. 360. Hint :- According to the partnership Act 1932 interest @6% p.a payable on the...

2 Answers 1 views
A,B and C are partners sharing profits and losses in the ratio of 2:2:1 resptively A is entited to a commission fo 10% on the net profit Net profit fo

Commission payable to A -Rs, 11,000

2 Answers 1 views
A and B are partners sharing profits equally A drew regulary Rs. 4,000 At the end of every month for year calculate ended 30 th September 2019 calcala

Correct Answer - interest on drawings -rs. 250 interest on drawnings will ne becharged for 2.5 months on total of each quarter.

2 Answers 1 views
X