A & B are partners. The net divisible profit as per profit & loss appropriation account is Rs 2,50,000. The total interest on partners drawings is Rs 4,000. A's salary is Rs 4,000 per quarter & B`s salary is Rs 40,000 per annum. Calculate the net profit/ loss for the year.

Q. $A$ and $B$ are partners. A's Capital is $Rs.1,00,000$ and B's Capital is $Rs.60,000$. Interest on capital is payable @ 6% p.a. $B$ is entitled to a salary of $Rs.3,000$ per month. Profit for the current year before interest and salary to B is $Rs.80,000$.
Prepare Profit and Loss Appropriation Account.

Q. A and B are partners A's capital is Rs. 10,000 and B's capital is Rs. 6,000. Interest on capital is payable @ 6% p.a. B is entitled to a salary of Rs. 300 per month. Profit to the year before interest and salary to B is Rs. 8,000. Profits between A and B will be divided:

Q. Anwar, Biswas and Divya are partners in a firm. Their Capital Accounts stood at : $Rs.8,00,000;Rs.6,00,000$ and $Rs.4,00,000$ respectively on 1st April, 2013. They shared profits and losses in the ratio of $3:2:1$ respectively. Partners are entitled to interest on capital @ $6\%$ per annum and salary to Biswas and Divya @ $Rs.4,000$ per Month and $Rs.6,000$ per quarter respectively as per the provisions of Partnership Deed.
Biswas's share of profit including interest on capital but excluding salary is guaranteed at a minimurn of $Rs.82,000$ p.a. Any deficiency arising on that account shall be met by Divya. Profit for the year ended. 31st March, 2014 amounted to $Rs.3,12,000$. Prepare Profit and Loss Appropriation Account for the year ended 31st March, 2014.

Q. Gross Profit Rs 1,20,000, Rent Rs 10,000, Salary Rs 30,000, Commission paid Rs 14,000 Interest on Loan Rs 10,000. Advertising Rs 8,000, Discount received Rs 6,000, Printing & Stationery Rs 4,000, Legal charges Rs 10,000, Bad Debts Rs 2,000, Depreciation Rs 4,000, Interest received Rs 8,000, Loss by life Rs 6,000. The net Profit for the year is :

Q. P, Q and R are in a partnership and as at 1st April, 2017 their respective capitals were; Rs. 40,000, Rs. 30,000 and Rs. 30,000. Q is entitled to a salary of Rs. 6,000 and Rs. 4,000 p.a. payable before division of profits. Interest is allowed on capital @ 5% p.a. and is not charged on drawings. Of the divisible profits, P is entitled to 50% the first Rs. 10,000, Q to 30% and R to 20%, rest of the profits are shared equally. Profits for the year ended the 31st March, 2018, after debiting partners' salaries but before charging interest on capital was Rs. 21,000 and the partners had drawn Rs. 10,000 each on account of salaries, interest and profit.
Prepare Profit and Loss Appropriation Account for the year ended 31st March, 2018 showing the distribution of profit and the Capital Accounts of the Partners.