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Business, 16.06.2021 07:50 Smays6903

A and B are partners in a firm sharing profits in the ratio of their capitals which were Rs 5,00000 and Rs 4,00000 respectively. The partnership agreement provided a salary of Rs 20000 pa to B and 10%
interest on partners capital. The profit of the firm for the year ended 31st march 2018 was Rs 146000.
Prepare profits and loss appropriation account.

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A and B are partners in a firm sharing profits in the ratio of their capitals which were Rs 5,00000...
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