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I want this same example but with different numbers for different company I want to explain the same as this and a table as well
I want this same example but with different numbers for different company
1. A. Ali, Hamid and Ahmed started a partnership firm on January 1, 2019. They contributed RO. 75,000 , RO. 60,000 and RO. 45,000 respectively as their capitals and decided to share profits in the ratio of 3:2:1. The partnership deed provided that Ali is to be paid salary of RO. 1,500 p.m. and Hamid commission of RO. 7,500 . It also provided that interest on capital be allowed @ 6\% p.a. The drawings for the year were: Ali RO. 9,000, Hamid RO. 6,000 and Ahmed RO. 3,000. Interest on drawings was RO. 405 for Ali, RO. 270 for Hamid and RO. 135 for Ahmed. The net amount of profit as per the profit and loss account for the year ended 2019 was RO. 54,990. You are required to record the necessary journal entries relating to appropriation of profit and prepare the profit and loss appropriation account and the partners' capital accounts under both fixed and flexible capital method. 1. A. Ali, Hamid and Ahmed started a partnership firm on January 1, 2019. They contributed RO. 75,000 , RO. 60,000 and RO. 45,000 respectively as their capitals and decided to share profits in the ratio of 3:2:1. The partnership deed provided that Ali is to be paid salary of RO. 1,500 p.m. and Hamid commission of RO. 7,500 . It also provided that interest on capital be allowed @ 6\% p.a. The drawings for the year were: Ali RO. 9,000, Hamid RO. 6,000 and Ahmed RO. 3,000. Interest on drawings was RO. 405 for Ali, RO. 270 for Hamid and RO. 135 for Ahmed. The net amount of profit as per the profit and loss account for the year ended 2019 was RO. 54,990. You are required to record the necessary journal entries relating to appropriation of profit and prepare the profit and loss appropriation account and the partners' capital accounts under both fixed and flexible capital method I want to explain the same as this and a table as well
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