Question

c and d are partners in a firm ; c has contributed 100000 and 60000 as a capital.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 intrest and salary . Prepare P&L APP A/C.​

Answer 1

Answer:

c and d are partners in a firm ; c has contributed 100000 and 60000 as a capital.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 intrest and salary . Prepare P&L APP A/C.