S. (
UJ,240, D1,020,
9. Hari, Gopal and Ghanshyam are three partners in a firm who share profit in the
ratio of 2:1: 1. Their capital is 28,800; * 19,200 and 14,400 respectively.
Interest on Capital is allowed at 5% p.a. and interest on drawings is charged at 5%
year 2017-18, before the above mentioned adjustments, firm's profit was
27,600. Interest on their drawings were 192; 240 and 288 respectively.
Prepare Profit & Loss Appropriation Account.
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