mukesh and anil commmenced business in partnership with capital of Rs 200000 and 100000 respectively on 1 April 2017 agreeing to share profit and losses in the ratio 3:2 for the year ending 31 march 2018 they earnd a profit and losses in the ratio 3:2 for the year ending 31 march 2018 they earnd a profit of Rs 36000 before allowing. a) Intrest on capital at 6% per annum .b)Intrest on drawing mukesh Rs 1000 and anil Rs 2000.c) Yearly salary of Anil Rs 10000 prepare profit and loss Appropriation Account. how to calculate this problem?
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profit and loss appropriation Account
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