Question

On 1st April, 2017, A and B are partners by employing capital of 5,000 and
4,000 respectively. On the same day, B gave loan to the firm of 2,000. In the
year 2017-18, profit was 3,000. In absence of any contract, how you will divide
the profit ? Show by preparing Profit & Loss Appropriation Account.​

Answer 1

Answer:

This is your answer

Explanation:

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