Dear Student Partner's Current A/c Particulars Amit Namit Ruchi Particulars Amit Namit Ruchi Bal B/d - - 1,000 Balance b/d 5,000 2,000 0 Interest on Drawings 1,560 1,320 1,080 Salary 18,000 0 0 Drawings 24,000 24,000 24,000 Profit and loss Appropriation 30,000 20,000 10,000 Bal C/d 27,440 Bal C/d 3,320 16,080 53,000 25,320 26,080 53,000 25,320 26,080 Calculation Net Profit available for Appropriation 74,040 Add: Interest on Drawings Amit 24,000 x 12% x 6 5/12 1,560 Namit 24,000 x 12% x 5 5/12 1,320 Ruchi 24,000 x 12% x 4 5/12 1,080 Total Profit available for Appropriation 78,000 Less : Salary Amit 1,500 x 12 (18,000) Profit left after Salary for Distribution 60,000 Share of Profit : Amit 60,000 x 3/6 30,000 Namit 60,000 x 2/6 20,000 Ruchi 60,000 x 1/6 10,000 Regards

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Solve this: are on March. 20 | (i (iO 0.800 | 2S urrent Account's as I st April. 2017 were as Amit N,jmtt r and Ruchi ( Or T Profit sharing ratio was Amit pets monthi:. salary of . SOOO Am/' 000 on ot each month and Namitdraus ?2.0000nthe ot each month 'it the end of each quarter. Interest to 'harped tor the year ended 31st March. 2018 ad;ustments ot 'Otcrcst and ot were 04.040. Shop, Current ec,o.ooo•. current 29 P and R •evere pæ•tJEß and the capital IA CS.OO.OOO and As terms of partnership apeement 12'•pa

Dear Student

Partner's Current A/c
Particulars	Amit	Namit	Ruchi	Particulars	Amit	Namit	Ruchi
Bal B/d	-	-	1,000	Balance b/d	5,000	2,000	0
Interest on Drawings	1,560	1,320	1,080	Salary	18,000	0	0
Drawings	24,000	24,000	24,000

				Profit and loss Appropriation	30,000	20,000	10,000


Bal C/d	27,440			Bal C/d		3,320	16,080

	53,000	25,320	26,080		53,000	25,320	26,080

Calculation
Net Profit available for Appropriation		74,040
Add: Interest on Drawings
Amit	24,000 x 12% x 6.5/12	1,560
Namit	24,000 x 12% x 5.5/12	1,320
Ruchi	24,000 x 12% x 4.5/12	1,080
Total Profit available for Appropriation		78,000
Less : Salary
Amit	1,500 x 12	(18,000)

Profit left after Salary for Distribution		60,000

Share of Profit :
Amit	60,000 x 3/6	30,000
Namit	60,000 x 2/6	20,000
Ruchi	60,000 x 1/6	10,000

Regards

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