0 votes
in Accounting for Partnership – Basic Concepts by (27.2k points)
closed by

Lalu and Beena are in partnership. He is also entitled to a salary of Rs. 12,000 per annum. Profits and losses are shared equally. The partnership has made a net profit of Rs. 30,000. How much is Lalu’s total increase in his Capital A/c?

(a) 18,000 

(b) 15,000 

(c) 21,000 

(d) 42,000

1 Answer

+1 vote
by (28.6k points)
selected by
Best answer

(c) 21,000 


P&L Appropriation A/c:

Lalu's capital A/c:

Increase in capital = 12000 + 9000 = 21000.

Related questions

Welcome to Sarthaks eConnect: A unique platform where students can interact with teachers/experts/students to get solutions to their queries. Students (upto class 10+2) preparing for All Government Exams, CBSE Board Exam, ICSE Board Exam, State Board Exam, JEE (Mains+Advance) and NEET can ask questions from any subject and get quick answers by subject teachers/ experts/mentors/students.