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A partnership accounting problem solution involving appropriation of profits, including interest on capital and salaries.

Accounting

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Here's the solution for the partnership accounting problem.

Step 1: Calculate Appropriations

  • Interest on Capital (9% p.a.):
    • Y's Interest on Capital =₹25,000×9100=₹2,250= ₹25,000 \times \frac{9}{100} = ₹2,250
    • Z's Interest on Capital =₹15,000×9100=₹1,350= ₹15,000 \times \frac{9}{100} = ₹1,350
    • Total Interest on Capital =₹2,250+₹1,350=₹3,600= ₹2,250 + ₹1,350 = ₹3,600
  • Salaries:
    • Y's Salary =₹5,000= ₹5,000
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