Question

Reema and Seema are partners sharing profits equally . The partnership deed provides that both will get monthly salary of 15 thousand each . Int on cap will be allowed @5%p.a.and int on draw will be charged @10 %p.a. their cap were 500000 each and drawings were 60000 each. The firm incurred a loss of 100000 during the year Prepare p/l appropriation ac

Answer 1

30% during the year 60000 include in the form of loss

Answer 2

I am not sure but is the answer profit ₹432000
divided among both Reema and Seema equally - 216000 each.
??