Question

Anil and Sunil are partners, started business on 1.4.2017. They share
profits and losses equally. They invested capital + 2,00,000 and
* 1.60,000 respectively. For the year ended 31.3.2018, they earned a
profit of 80,400 before following adjustments :
a) Interest on capital at 10% p.a.
b) Interest on drawing Anil -2,000 Sunil -71,600
c) Annual salary payable to Anil -76,000
d) Annual commission payable to Sunil 4,000
Prepare Profit and loss appropriation account for the year ended
31.3.2018.​

Answer 1

Answer:

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Explanation:

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