Jadu and Madhu started a partnership business on 1st January, 2019, by investing * 25,000 and 20,000 respectively. During the year they made a profit of 20,000 only. On 1st July, 2019, Madhu advanced a loan of 15,000 only (not as capital) to the business. During the year Jadu drew @ 1,000 per month from the business. There was nothing mentioned in respect of accounting matters in their partnership deed. How would they divide profit at the end of the year, show by preparing Profit and Loss Appropriation Account
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it is accounts
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acounts
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