Accountancy, asked by rashmirajput2905, 6 months ago

C and D are partner in a firm C has contributed ₹ 100000 and D ₹60000 as capitals. Interest is payable @ 6% p.a. and D is entitled to salary of ₹ 3000 per month. In the year ended 31st March 2020 the profit was ₹ 80000 before interest and salary.
Prepare profit and loss appropriation account

Answers

Answered by vijaydurgavittanala1

3

use simple interest formula PTR/100

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