I need the answer as soon as possible Old mathjax Webview within 5...
60.1K
Verified Solution
Link Copied!
Question
Accounting
I need the answer as soon as possible
Old mathjax Webview within 5 minutes or else skip please 61. Aman, Babita and Suresh are partners in a firm. Their profit-sharing ratio is 2:2:1. However, Suresh is guaranteed a minimum amount of 10,000 as share of profit every year. Any deficiency arising on that account shall be met by Babita. The profits for the two years ending 31st March, 2010 and 2011 were 340,000 and 360,000 respectively. Prepare Profit and Loss Appropriation Account for the two years
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
