Abhay and Baldwin are Partners Sharing Profit in the Ratio 3:1. On 31st March 2021, Firm’s Net Profit is ₹1,25,000 - Bzziii.com

Abhay and Baldwin are partners sharing profit in the ratio 3:1. On 31st March 2021, firm’s net profit is ₹1,25,000. The partnership deed provided inte
Abhay and Baldwin are partners sharing profit in the ratio 3:1. On 31st March 2021, firm’s net profit is ₹1,25,000. The partnership deed provided interest on capital to Abhay and Baldwin ₹15,000 & ₹10,000 respectively and Interest on drawings for the year amounted to ₹6000 from Abhay and ₹4000 from Baldwin. Abhay is also entitled to commission @10% on net divisible profits. Calculate profit to be transferred to Partners Capital A/c’s. 

(A) ₹1,00,000 
(B) ₹1,10,000 
(C) ₹1,07,000 
(D) ₹90,000




(A) ₹1,00,000 







Post a Comment