If a fixed amount is withdrawn on the last day of every quarter, for what period the interest on total drawings will be calculated? Post category:Accountancy Reading time:1 mins read SOLUTION 4.5 months. Please Share This Share this content Opens in a new window X Opens in a new window Facebook Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostIf a fixed amount is withdrawn on the first day of every quarter, for what period the interest on total drawings will be calculated. (C.B.S.E. Sample Paper 2019) Next PostName the method of calculating interest on Drawings of the Partners if the different amounts are withdrawn on different dates. You Might Also Like A, B and C were in partnership sharing profits in the ratio of 7 : 2 : 1 and the Balance Sheet of the firm as at 31st March, 2019 was: July 26, 2022 A, B and C are partners in a firm. Their profit-sharing ratio is 2: 2: 1. C is guaranteed a minimum of Rs. 1,00,000 as share of profit every year. Any deficiency arising on that amount shall be met by B. The profits for the two years ended 31st March, 2021 and 2022 were Rs. 4,00,000 and Rs. 6,00,000 respectively. Prepare Profit and Loss Appropriation Account for the two years. October 11, 2022 Following information is given about a company: August 17, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
A, B and C were in partnership sharing profits in the ratio of 7 : 2 : 1 and the Balance Sheet of the firm as at 31st March, 2019 was: July 26, 2022
A, B and C are partners in a firm. Their profit-sharing ratio is 2: 2: 1. C is guaranteed a minimum of Rs. 1,00,000 as share of profit every year. Any deficiency arising on that amount shall be met by B. The profits for the two years ended 31st March, 2021 and 2022 were Rs. 4,00,000 and Rs. 6,00,000 respectively. Prepare Profit and Loss Appropriation Account for the two years. October 11, 2022
