The Total solution for NCERT class 6-12
Profit and Loss Appropriation A/c as on 31 March 2017
Dr.
Cr.
Particulars
Amount
₹
Interest on Capital
Profit and Loss
2,00,000
Ram
50,000
Mohan
25,000
Sohan
20,000
95,000
Profit Transferred to
Ram’s Capital
52,500
Less: Share of deficiency {7,500 × (3/5)}
(4,500)
48,000
Mohan’s Capital
35,000
Less: Share of deficiency {7,500 × (2/5)}
(3,000)
32,000
Sohan’s Capital
17,500
Add: Deficiency received from
4,500
3,000