4. Ram and shyam are partners in a firm whose capitals on 1*
junuary 2018 were rs. 25000 and rs. 20000 respectively, They
are allowed intrest on capital @ 8% and intrest on drawing is
charged @ 12% p.a.Ram gave rs. 10000 to the firm as loan on
1 july 2018 shyam is entitled to get an annual salary of rs.
5000 intrests charged on their drawings were rs. 600 and rs.
respectively. The profit for the year ended on 31*
500
December 2018 before making above adjustments was rs
25000. Prepare profit and lose appropriation account for th
year 2018.
no
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see the picture
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