Question

P, Q and R started a partnership business on 1st July 2016. They contributed rupees 500000, 600000 and 700000 respectively as their capital. Interest on capital is to be provided @12% per annum. the firm earned a profit of rupees 175000 for the year ended 31st March 2017. the profit sharing ratio of P,Q and R is 1:2:2. prepare Profit and Loss appropriation account for the year 31st March 2017.​

Answer 1

Explanation:

A constitution can be either unitary or federal. A unitary system is governed constitutionally as one single unit, with one constitutionally created legislature.

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Distinguish between the Unitary and Federal systems of government.

Federal government Unitary government

Power and responsibilities are shared between national and local levels. Power is placed in one central governing system