Question

Sita and gita are partenar ina firm whose capital on 1st January 2003 were 60000 and 50000 respectively they are allowed interest on capital 7 1/2 %per annual Sita gave 16000 to the firm as lona 1st jully 2003 gita is entitled to get an annual salary of 8000 the profit for the year ended 31st December 2003 before making above adjustment were 18000 prepare profit and loss appropriation a/c
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Answer 1

Answer:

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