Question

X and yare partners with capital contribution of rs 80000 and rs 60000. Their partnership dead disclose the fallowing

1. Profit sharing ratio 3:2

2. Interest on capital in agreed at 5%p.a.

3. Y is allowed a salary of rs 6000p.a. Profit during the year 2016. Calculation of interest on capital but after charging y salary amounted rs 24000. A provision of 5 % of this amount 5 and he made in respect of commission the manager. Prepare profit and lose appropriation account
​

Answer 1

Explanation:

what is this? I can't understand.