Question

. According to Profit and Loss Account, the net profit for the year is ₹1,50,000. The total interest on partner’s capital is ₹18,000 and interest on partner’s drawings is ₹2,000. The net profit as per Profit and Loss Appropriation Account will be :​

Answer 1

Answer:

SO, this is the answer

The actual profit will be 1,50,000-18,000

=1,32,000

and the intrest in drawings =1,32,000+2000

=1,34,000

hope it helps you