A,B & C entered in to an agreement on 1st April,2019 to share profit & losses in the ratio of 5:3:2. A guaranteed that Cs share of profit, after charging interest on capital @5%p.a. would not be less than Rs15,000 in any year. The profit for the year ended 31st March,2020 amounted to 79,500 before providing for interest on capital. Show Profit & Loss Appropriation A/c.
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