Question

Pappu and Munna are partners in a firm sharing profits in the ratio of 3 : 2. The partnership deed

provided that Pappu was to be paid salary of ₹ 2,500 per month and Munna was to get a

commission of ₹ I 0,000 per year. Interest on capital was to be allowed @ 5% per annum and

interest on drawings was to be charged @ 6% per annum. Interest on Pappu's drawings was ₹

1,250 and on Munna's drawings ₹ 425. Capital of the partners were ₹ 2,00,000 and ₹ ,50,000

respectively. The firm earned a profit of ₹ 90,575 for the year ended 31-3-2016.

Prepare Profit and Loss Appropriation Account of the firm.

[Ans. Share of Pr​

Answer 1

$\huge\mathbb\purple {AnSwEr}$

here is ur question based profit or loss appro. a/c.

refer to this..

hope this helps..