Question

13. Vinod and Mohan are partners. Vinod's Capital is 1,00,000 and Mohan's Capital is * 60,000. Interest on
- capital is payable @ 6% p.a. Vinod is to get salary of 3,000 per month. Net Profit for the year is rupees 80,000.
Prepare Profit and Loss Appropriation Account.​

Answer 1

Answer:

40,000 Profit

-67,000 Loss

Explanation:

Prepare Profit and Loss Appropriation Account