Wednesday

December 17, 2014

December 17, 2014

Posted by **Peaches** on Saturday, February 13, 2010 at 1:13pm.

A and B are in partnership sharing profits and losses in the ratio 3:2 respectively. Profit for the year was $86,500. The partners’ capital and current account balance at the beginning of the year:

Current accounts – A 5,750 (credit) – B – 1,200 (credit)

Capital accounts – A – 10,000 (credit) – B – 8,000 (credit)

A’s drawing during the year were $4,300, and B’s were $2,430, A’s and B’s current account balance at the end of the year:

- Profit & Loss -
**manoranjan**, Thursday, January 23, 2014 at 11:39pmA shopkeeper used 900gmw and earn 20% profit on it. then what is the total %profit earn.

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