Q. 10. Sharda, Jamna and Ganesh are the partners of a firm. On 1-4-15 this capas
ed amongst the parts in the ato 32
72.0

Q. 10. Sharda, Jamna and Ganesh are the partners of a firm. On 1-4-15 this capas
ed amongst the parts in the ato 32
72.000, +48.000 and 24,000 respectively,
As per the partnership deed:
(115% per annum interest is payable on opening capital of partners
(2)8% per annum interest will be charged on drawings.
(3) Monthly salary of 700 is payable to Sharda.
14 ) Half profit will be distributed amongst the partners in equal proportion and remaining
half profit in the proportion of their opening capital.
On 31 – 12 – 16 Ganesh has withdrawn 6,000 from the firm for his personal me
Profit of the firm for the year ending on 31-3-’17 after charging ‘aterest on drawings bort
before consideration of above mentioned adjustment was 81,800. Before the distribution of the
profit to the partners but after consideration of above mentioned adjustments from surplus of
profit 20% (but not less than 18,000) are to be transferred to the general reserve.
From the above information for the year ending on 31 – 3-’17, prepare profit and loss
appropriation account and partners’ capital accounts.
he firm​