Accountancy, asked by ramachandrasingh45, 6 months ago

Alok and Ashok are equal partners in a firm, their capital are ru 20000 and ru 16000 respectively. Ashok is entitled to get salary of ru 600 per month. interest On capital is 6% per annum. the profit of the firm before the above adjustment was ru 12000. prepare profit and loss adjustment account.


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Answered by Anonymous
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