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Kamal and kaoil are partners having …

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Kamal and kaoil are partners having fixed capital of Rs 500000 each as on 31 march 2016m.mkamal introduced futher caoitqk of Rs 100000 on 1 oct 2016 whareas kapil withdrew Rs100000 on 1 oct 2016 out of capital . Interest on capital is to be allowed @10% p.a The firm earned net profit of Rs 600000 for the year ended 31 march 2017 Prepare p and l a/c
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