Question

16 A. Band Care partners in a firm sharing profits in their capital ratio.On 1 April, 2019 their capital stoodan
5.00,000, 3.00,000 and 2,00,000 respectively. Partners are entitled to interest on capitale
pa: Salary to B @ 1,000 per month and a commission of 5,000 to C as per the provision of
partnership deed. B's share of profit, including interest on capital but excluding salary is guaranteed
by A at not less than 60,000 p.a.
The profits of the firm for the year was 2,00,000. Prepare Profit and Loss Appropriation A/c for the
year ended 31" March 2020.

Answer 1

.okay

Explanation:

The answer is 1234612