Question

.  Sharma and Verma were partners in a firm sharing profits in the ratio of 4 : 1. Their capitals on 1st April, 2008 were: Sharma ` 5,00,000 and Verma ` 1,00,000. The Partnership Deed provided that Sharma will get a commission of 10% of the net profit after allowing a salary of ` 5,000 per month to Verma. The profit of the firm for the year ended 31st March, 2009 was ` 2,80,000. 

Prepare Profit and Loss Appropriation Account of Sharma and Verma for the year ended 31st March, 2009 (4)

​

Answer 1

Answer:THE ANSWER IS IN THIS PICTURE

PLEASE MARK THE BRAINLIEST

Explanation: