Question

Ram, Raj and George are partners sharing profits in the ratio 5:3:2. According
to the partnership agreement George is to get a minimum amount of Rs. 10,000
as his share of profits every year. The net profit for the year 2013 amounted to
Rs, 40,000. Prepare the Profit and Loss Appropriation Account.
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Answer 1

Answer:

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Explanation:

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