Question

dodo dodo logo are equal partners. from the following information prepare a profit and loss appropriation account of the firm for the year ended 31st march 2020
(I) need net profit for the year as part of it and loss account 26210.
(ii) interest interest on capital is to be changed @ 5%
(capital capital being dodo 60000, fodo 50000, Ludo 30000)
iii) interest interest on drawings change to dodo 500 fodo 400 Ludo 300
iv) dudu is entitled to salary 6000 p. a
v) fodo is entitled to commission at the rate 5%on fields which amounted to to 80000
vi) on 1.10.19 Ludo Ludo advance a loan of 50000 only to the business.
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Answer 1

Explanation:

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Answer 2

find sacrifice ratio from the following