Answer these two questions Q8 Balance sheet as on 31st Dec 2011 of A B and C given - Accountancy - Accounting for Partnership Basic Concepts

Question

Answer these two questions

Q8 Balance sheet as on 31st Dec 2011 of A B and C given below, the
ratio 5:3:2

Liabilities
Amount
Assets
Amount

Capital A
B
C
Creditors
Profit and Loss Appropriation account
100,000
150,000
200,000
50,000
50,000
Fixed assets
Cash
Drawings
A
B
400,000
100,000

30,000
20,000

550,000

Profit and loss Appropriation account balance of Rs 200,000
and Drawings of AB and C Rs 30,000,20,000 and 50,000
respectively

INTEREST OF CAPITAL IN DIFFERENT CIRCUMSTANCES

1 XY 2:3 Capitals 20,000 and 10,000 show the distribution of
profits in the following cases

Neha Chopra · Accepted Answer

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Liabilities	Amount	Assets	Amount
Capital A B C Creditors Profit and Loss Appropriation account	100,000 150,000 200,000 50,000 50,000	Fixed assets Cash Drawings A B	400,000 100,000 30,000 20,000
	550,000		550,000