Question

Q. 1. Pappu and Munna are partners in a firm shuring profits in the natio of 3:a.
"T'he partnership deed provided that Pappu was to be paid salad of 2,500 per month
and Munna was to get a commission of 10,000 per ycar. Interest on capital was to be
allowed @ 5% per annum and interest on druwings was to be charged @om per
annum. Interest on l'appu's drawings was 1.250 und on Munna's drawings <405,
Capital of the purtners were $2,00,000 and 21,50,000 respoclively, and were fnod
The firın eamed a profit of 290,575 for the year ended 31-3-2016
Prepare Profit and Loss Appropriation Aconunt of the firm.​

Answer 1

Answer:

increase points

Explanation: