1. R&S are partners sharing profits and losses in the ratio of 3 2. On 01.01.2018 their capitals are R- Rs. 40,000 and S- Rs. 30,000. Prepare Profit & Loss Appropriation Account for the year ended 31.12.2018 after considering the following itemns ) Interest on Capital @ 6% p.a. ii) R is entitled to get Commission 2.5% on sales.
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a) 30,000
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