Joy and Bijoy are partners having capitals 2,00,000 and 160,000 respectively. Interest on capital is
allowed @ 6% per annum. Their profit sharing ratio is 2:3. The profit for the business before providing.interst on capital for the year is 18000.
Show Profit and Loss Appropriation Account when :
to Partnership is silent about treatment of interest on capital.
w Interest on capital is charge as per partnership deed.
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