Question

Alku and Bela started business in partnership on 1"jan 2020 and contributed ? 1,00,000 and 2 80,000 respectively for capital the term of

partnership deed are as follows a) Interest on capital and drawing 10% and 12% respectively, b) Aika to get a monthly salary of 2.000 and Bela to Get

commission of 10,000 pa

c) Profit and loss to be shared in the ratio of theircapital adjustments. The drawings during the year were 20.000 und 16,000 of

The profit for the year was ?1, 30,030 before making the above

Alku and Bela respectively. Prepare Profit and Loss appropriation Account assuming capitals are fixed for the year ended 31-12-2020​

Answer 1

Answer:

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