Mention a case where Profit & Loss Appropriation Account will be prepared even if Profit & Loss Account discloses net loss. Post category:Accountancy Reading time:1 mins read SOLUTION In case of Interest on Drawings. Application based 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 PostWhy is Profit and Loss Appropriation Account prepared by a Partnership Firm? Next PostA and B jointly purchased a plot of land. Will they be called partners? You Might Also Like A, B and C were partners sharing profits and losses in the ratio of 2: 2:1. C died on 30th June, 2020. Profit and Sales for the year ended 31st March, 2020 were Rs. 1,00,000 and Rs. 10,00,000 respectively. Sales during April to June, 2020 were Rs. 1,50,000. You are required to calculate share of profit of C till the date of his death. August 5, 2022 From the following Balance Sheet, prepare Cash Flow Statement: August 20, 2022 State the basis of calculating the amount of profit payable to the legal representative of a deceased partner in the year of death. (C.B.S.E. 2019) October 8, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
A, B and C were partners sharing profits and losses in the ratio of 2: 2:1. C died on 30th June, 2020. Profit and Sales for the year ended 31st March, 2020 were Rs. 1,00,000 and Rs. 10,00,000 respectively. Sales during April to June, 2020 were Rs. 1,50,000. You are required to calculate share of profit of C till the date of his death. August 5, 2022
State the basis of calculating the amount of profit payable to the legal representative of a deceased partner in the year of death. (C.B.S.E. 2019) October 8, 2022