their fixed caital were moli rs 500000 bhola rs 800000 and raj 400000.on 1st april 2016 bhola extended a loan of rs 100000 to the firm. the net profitof the firm for the year ended 31 march 2017 before interest on bhola loan was rs 306000. prepare profit and loss appropriation account of moli ;bhola and raj for the year ended 31 ; march 2017 and their current accounts accounts assuming that bhola withdrew rs 5000 at the end of each month moli withdrew rs 10000 at the end of each quarter and raj withdrew rs 40000 at the end of each of each half year.
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Capital= assets -liabilities =240000-30000-40000 =170000=capital at the end of yr profit =170000-120000 =50000
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