Question

reema and seema are partners sharing profit equally reema and seema get 15000 salary per month interest on capital allowed 5 percent p.a. interest on drawings charged 10 percent p.a. their capital were 500000 each drawing during year 60000 each . firm incurred loss of 100000 prepare profit and loss appropriation account

Answer 1

I am attaching the pic of the A/c.

Answer 2

Explanation:

loss 94000

reema share 47000

seema share 47000