Question

On January 1, 2019, ‘A’ and ‘B’ were sold at Rs. And Rs. 1,20,000. Is a partner by investing Rs. On the same day, ‘A’ paid the firm Rs. 45,000. Has given a loan of Rs. Profit for that year is Rs. Is. In the absence of a partnership agreement, how would you divide profits among partners? Show by creating a profit and loss account. appropriation​

Answer 1

Answer:

profit divide equally between partners

Profit and loss appropriation a/c

dr. cr

particulars. amt. particular. amt

Explanation:

Amount of profit is not mention In. question