Accountancy, asked by bhaveshlehra, 6 hours ago

asha and lata are partners sharing profits in the ratio 1:2. asha is entitled to a salary 200000p.a. and a commission of 8% of net profit before charging any commission. lata is entitled to a commission of 8% of net profit after charging her commission. net profit for the year ended 31 March 2018 amounted to 540000. prepare profit and loss appropriation account.

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Answered by bhaskardgp86
13

Answer: answer is given below with proper format.

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