Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Sita and gita are partner in a firm. They have not entered into partnership deed but had agreed on following . Salary will be paid
Sita and gita are partner in a firm. They have not entered into partnership deed but had agreed on following .
Salary will be paid to Harry @ 10000 per month .
Geeta will get a commission @10% p.a .
Interest will be allow on capital@10% p.a.
Interest will be charged on drawing @10% p.a
Partner capital 150000 and 200000 profit of the year 507050 . Calculate the net appropriation of the partner .
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started