IAns. Share of Loss : 4 t72,000 and B 48,000.] Salary to Partners and interest on capitals will ot be provided and P & L App. Ale will am Hint t not be prepared since the firm has sufferred los. Q.21.A and B are partners in a firm sharing profits in the ratio of 1: 2. Ther capitalson Ist April 2018 were 4.00.000 and 6,00,000 respectively. As per partnershin deed, 4 is to get a monthly salary of 15,000 and interest on capitals is to be provided @ 10% p.a. and charged on drawings @ 12% p.a. During the year withdrew30,000 and B withdrew 50,000. The firm incurred a loss of t60,000 during the year ended 31st March, 2019 efore above adjustments. You are required to prepare an account showing the listribution of profit/loss. [Ans. Share of Loss ARI8,400 and B R36,800.] ote : Although Profit & Loss Appropriation A/c is not prepared in case of loss, it will b prepared in this question because interest on drawings is to be credited to this account. o. 22.X and Y are partners in a firm sharing profits and losses in the ratio of 3:2

IAns. Share of Loss : 4 t72,000 and B 48,000.] Salary to Partners and interest on capitals will ot be provided and P & L App. Ale will am Hint t not be prepared since the firm has sufferred los. Q.21.A and B are partners in a firm sharing profits in the ratio of 1: 2. Ther capitalson Ist April 2018 were 4.00.000 and 6,00,000 respectively. As per partnershin deed, 4 is to get a monthly salary of 15,000 and interest on capitals is to be provided @ 10% p.a. and charged on drawings @ 12% p.a. During the year withdrew30,000 and B withdrew 50,000. The firm incurred a loss of t60,000 during the year ended 31st March, 2019 efore above adjustments. You are required to prepare an account showing the listribution of profit/loss. [Ans. Share of Loss ARI8,400 and B R36,800.] ote : Although Profit & Loss Appropriation A/c is not prepared in case of loss, it will b prepared in this question because interest on drawings is to be credited to this account. o. 22.X and Y are partners in a firm sharing profits and losses in the ratio of 3:2 (Ans. Share ofLoss : A and B Hint : Salary to Partners and interest on capitals Will not be provided and P & L App not be prepared since the firm has suffer-red loss. Q. 21. A and B are partners in a firm sharing profits in the ratio of 1 : 2. Their capitals on 1st April 2018 were and respectively. As partnership deed, .4 is to get a monthly salary of | 5,000 and interest on capitals is u, be provided @ 10% p.a. and charged on drawings @ 12% p.a. During the year withdrew e 30.000 and B withdrew The firm incurred a loss of during the year ended 31st March, 201; rfore above adjustments. You are required to prepare an account showing the listribution of profit/loss. [Ans. Share ofLossA 08,400 and B 86,800.1 : Although Profit & Loss Appropriation A/c is not prepared in case of loss, it will prepared in this question because interest on drawings is to be credited to this accoue 22. X and Yare partners in a tinn sharing profits and losses in the ratio Of 3 • •