Q6 (Dispersion of Benefits). Sonu and Monu went into organization with a capital commitment of...
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Q6 (Dispersion of Benefits). Sonu and Monu went into organization with a capital commitment of Rs.1,20,000 and Rs.40,000 separately as on 1.4.2009. The net benefit acquired during the year 2009-10 (preceding thinking about the provisions of association deed) was Rs.48,000. Organization Deed gave that:
Monu is qualified for a Compensation of Rs.12,000 per annum. Lacos (b) Premium on cash-flow to be permitted to the accomplices @ 6% per annum. (c) Accomplices draw Rs.500 and Rs.400 each month from the firm as drawings. Set up the Benefit and Misfortune Appointment Record and Accomplices' Capital Record in the accompanying cases: -
(a)
(I) When Accomplices' Capitals are fixed. (ii) When Accomplices' Capitals are fluctuating.
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