Amit, Sumit and Samiksha are in partnership sharing profits in the ratio of 3 : 2 : 1

Anurag Pathak
March 25, 2024
[NCERT] Accountancy Class 12, [NCERT] Fundamentals

Anurag Pathak 24.17K March 25, 2024 0 Comments

Amit, Sumit and Samiksha are in partnership sharing profits in the ratio of 3 : 2 : 1. Samiksha’s share in profit has been guaranteed by Amit and Sumit to be a minimum sum of ₹ 8,000.

Profits for the year ended March 31, 2017 was ₹ 36,000. Divide profit among the partners by preparing profit and loss appropriation account.

[Ans: Profit to Amit ₹ 16,800; Sumit, ₹ 11,200; Samiksha, ₹ 8,000]

Anurag Pathak Changed status to publish March 25, 2024

Add a Comment

1 Answer

Anurag Pathak 24.17K Posted March 25, 2024 0 Comments

Solution:-

Anurag Pathak Changed status to publish March 25, 2024

Add a Comment

Anurag Pathak

Anurag Pathak is an academic teacher. He has been teaching Accountancy and Economics for CBSE students for the last 18 years. In his guidance, thousands of students have secured good marks in their board exams and legacy is still going on. You can subscribe his youtube channel and can download the Android & ios app for free lectures.

Articles: 6873

1 Answer

Anurag Pathak

Related Questions