Question

Example 1:
Ajay and Vijay started a partnership business on 1st April, 2016. Their capital contributions were+2,00,000 an
3,00,000 respectively. The partnership deed provided : () Interest on capital at 10% p.a.) Ajay to get a salary
22000p.m. and Vijay 36000 pa. (1) Interest on drawing amounted 2000 for Ajay and 3000 for Vija
(iv) Profits are to be shared in the ratio of 3:2 (V) During the year drawing of Ajay and Vijay amounted to 3 30000 an
2 40000 respectively. The profit for the year ended 31st March, 2017 before making above appropriations wa
* 2,45,000. Prepare Profit and Loss Appropriation Account.
Solution:​

Answer 1

Answer:

_sorry i can't do that_