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in the solution of  Ex.14 there is two different salary amounted  why? 
page no.1.82 

Asked by Shruti | 16th Dec, 2017, 04:44: PM

Expert Answer:

Thanks for bringing this to our notice. We presume you were talking about Q 16 on Page 1.83. It is a small misprint that has been typed extra. No other salary except for Rs 6,000 provided to Y would be there in P&L Appropriation A/c.
Your P&L Appropriation A/c will include following items on debit side:
(a) Salary to Y: Rs 6,000
(b) Interest on Capital: Rs 7,000, and
(c) Profit transferred to X and Y: Rs 15,500.
 
This has been updated on our live site and would be soon reflected at your end.

Answered by  | 18th Dec, 2017, 09:36: AM

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