Question

A b and c have capital of 60000 , 30000 and12000 respectively,on which they are entitled to get interest at 5% p.a . The profit for the year before charging interest on capital amounted to 34000 prepare profit and loss appropriation account, if they share profit

and losses in the ratio 6:3:1

Answer 1

Answer:

12000 respectively, on which they are entitled to get intere… ... to get interest at 5% p.a. The profits for year before charging ... Prepare profits & loss Appropriation