Question

3) Krish and Helly are partners in a partnership firm. They share P&L in the ratio of
32 Their capital balance as on 1-4-18 * 20.000 and 315,000 respectively. Their
drawings during the year = 3,000 and 32,000 respectively. Allowed annual salary *
4,000 to Helly Allowed 5 % interest on capital and interest is to be charged 3 100
and 170 on drawings respectively. From the above adjustments profits o
Rs. 10 580 for the year ending 31-3-19. Prepare P & L App. A/c and partners capita
Alc
(Divisible Profit: 35,100, Closing capital balance of Krrish 3 20,960, Helly *
19.620)​
Answer it in detail plz

Answer 1

Answer:

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