Accountancy, asked by annishaikh3187, 1 year ago

Ram raj and George partner shearing profit in the ratio 5:3:2according to the partnership agreement George is to get minimum amount of Rs 10000 as his share of profits every year. The net profit for the year 2006 amounted to Rs 40000 prepare profits and loss appropriation account

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Answered by user85
8

Firstly you prepare Profit and loss appropriation Account and then make working note for your answer.

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