Question

A,B And C Have Capitals Of ₹ 60000, ₹30000 And ₹ 12000 Respectively, On Which They Are Entitled To Get Interest At 5% P.A. The Profits For Year Before Charging Interest On Capital Amounted To ₹ 34000. Prepare Profits &Amp; Loss Appropriation A/C, If They Share Profits And Losses In The Ratio Of 6 : 3 : 1.

Answer 1

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Explanation:

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