Question

Ankit and Munna started a partnership business on Jan, 1, 2019. They contributed ? 1,60,000 and 1,20,000 respectively as their capitals. The terms of the partnership agreements are a under Interest on capital @ 10% pa, (ii) Ankit and Munna to get a monthly salary of 2,000 and 3,000 respectively, (iii) Profits are to be shared in the ratio of 3 : 2. The profit for the year ended 31st December, 2019, before making above appropriations was * 1.43,000. Interest on drawings amounted to: 2,000 for Ankit and 3,000 for Munna. Prepare Profit and Loss Appropriation Account.​

Answer 1

Answer:

I dont

Explanation:

know this bcoxmz I didn't understand