X & Y are partners sharing profits in the ratio of 3 : 2 with capitals of Rs. 8,00,000 and Rs. 6,00,000 respectively. Interest on capital is agreed @5% p.a. Y is to be allowed an annual salary of Rs. 60,000 which has not been withdrawn. Profit for the year ended 31st march 2020 before interst on capital but after charging Y's salary was Rs. 2,40,000. A provision of 5% of the net profit is to be made in respect of commssion to the manager. Prepare Profit and Loss Appropriation Account showing the allocation of profit
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yes I am unable and can make it is required by my office to do the same thing as I am unable and will not have a good for me
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