Akriti, Bhawna, Charu, and Deeksha are partners sharing profits as 4 : 3 : 2 :1. They earned a profit of ₹ 1,80,000 for the year ended 31st March 2023
Akriti, Bhawna, Charu, and Deeksha are partners sharing profits as 4 : 3 : 2 :1. They earned a profit of ₹ 1,80,000 for the year ended 31st March 2023.
As per the partnership Deed, they are to allow a commission @ 20% of the profits after allowing such commission which they will share as 2 : 3 : 2 : 3.
You are required to show the appropriation of profit among the partners. Also, show Profit and Loss Appropriation Account.
Anurag Pathak Changed status to publish April 20, 2024
