Question

11,670, 75,730, (3) Z's Commission 2,000.)
17. Anubha and Kajal are partners of a firm sharing profit and losses in the ratio of 2:1. Their
Capital were ? 90,000 and 60,000. The profit during the year were 45,000. According
to partnership deed both partners are allowed salary * 700 per month to Anubha and 500
per month to Kajal. Interest allowed on Capital @5% p.a. The drawing at the end of the
period were ? 8,500 for Anubha and 36,500 for Kajal. Interest to be charged @5%p.a. on
drawings. Prepare profit and loss appropriation A/c​

Answer 1

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