If a fixed amount withdrawn on 15th day of every month, for what period the interest on total Drawings will be calculated? Post category:Accountancy Reading time:1 mins read SOLUTION 6 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Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostIf a fixed amount is withdrawn on the first day of every month, for what period the interest on total drawings will be calculated? Next PostIf a fixed amount is withdrawn on the last day of every month, for what period the interest on total drawings will be calculated? You Might Also Like X, Y and Z are partners in a firm sharing profits and losses in the ratio of 3 : 2 : 1. Z retires from the firm on 31st March, 2019. On the date of Z’s retirement, the following balances appeared in the books of the firm: General Reserve Rs. 1,80,000 Profit and Loss Account (Dr.) Rs. 30,000 Workmen Compensation Reserve Rs. 24,000 which was no more required Employees’ Provident Fund Rs. 20,000. Pass necessary Journal entries for the adjustment of these items on Z’s retirement. August 3, 2022 Define Goodwill. September 26, 2022 A and B who shared profits in the ratio of 3: 1 admit C as a partner for l / 5th share in profits, which he acquires equally from the old partners. What will be the new profit-sharing ratio? September 26, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
X, Y and Z are partners in a firm sharing profits and losses in the ratio of 3 : 2 : 1. Z retires from the firm on 31st March, 2019. On the date of Z’s retirement, the following balances appeared in the books of the firm: General Reserve Rs. 1,80,000 Profit and Loss Account (Dr.) Rs. 30,000 Workmen Compensation Reserve Rs. 24,000 which was no more required Employees’ Provident Fund Rs. 20,000. Pass necessary Journal entries for the adjustment of these items on Z’s retirement. August 3, 2022
A and B who shared profits in the ratio of 3: 1 admit C as a partner for l / 5th share in profits, which he acquires equally from the old partners. What will be the new profit-sharing ratio? September 26, 2022
