Mohit and Rohan sharing profit and loss in the ratio of 2:1 they admitted Rahul as partner with 1/4 share inbprofit and gurante that his share profit shall be at least RS.50000 the net profit of the firm for the year ending mar 31.2015 was RS.160000 prepare pans l appropriation account
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Explanation:
At the right of net profit in 2nd column write 160000
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