Question

M, N, O & P are partners in the ratio 4:3:2:1 with capitals of 30,000 each carrying interest
@ 10% p.a. Salary to O and P was 6,000 & 4,000 respectively.
N has given guarantee to the firm that he would earn 720,000 for the firm but could earn
* 18,000 only.
O was guaranteed by the firm that he would get minimum profit of 12,800.
Net profit of the firm 80,000. Prepare Profit & Loss Appropriation A/c.
​

Answer 1

Answer:

I have taken pcb and can't and this sorry for the inconveniences.... sorry