Question

14. X, Y and Z are partners in a firm sharing profits in the ratio of 2:2:1. Fixed capitals of the partners were:
X 5,00,000; Y * 5,00,000 and Z 2,50,000 respectively. The Partnership Deed provides that interest on
capital is to be allowed @ 10% p.a.Z is to be allowed a salary of * 2,000 per month. Profit of the firm for the
year ended 31st March, 2020 after debiting Z's salary was 4,00,000.
Prepare Profit and Loss Appropriation Account.
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Answer 1

Answer:

which class question is this ?