Accountancy, asked by mohdovesh8646, 11 months ago

Raj and amritanshu are partners in a firm sharing profit and losses inbthe ratio 3:2.their capitals are 200000and 160000 intrest on capital is allowed at5%p.a.amritanshu is to be allowed a annual salary of 30000.the profitfor thr year ended 31st march,2018 prior to claculation of interst on caoital but after charging amirtanshu's salary is 90000 . prepare profit and loss appropriation account

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Answered by RoushanSharma5859
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