The Total solution for NCERT class 6-12
Profit and Loss Appropriation Account as on March 31, 2017
Dr.
Cr.
Particulars
Amount
₹
Profit transferred to
Profit and Loss
30,000
X’s Capital
15,000
Less: Z’s Deficiency {3,000 × (3/5)}
(1,800)
13,200
Y’s Capital
10,000
Less: Z’s Deficiency {3,000 × (2/5)}
(1,200)
8,800
Z’s Capital
5,000
Add: Share of Deficiency born by
Radha
1,800
Mary
1,200
8,000