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A and B started business on …

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A and B started business on july 1,2004, each partner contributing RS.1,50,000 as his share of capital. Three months later , on October 1,2004, B makes an additionally contributed of RS.1,00,000 which is treated as loan the profit for the period ending march 2005 was RS.85,000 before charging any interst .all the partner were entitled to a salary of RS.3,000each per quarter .the partner had drawn RS.24000 each on 1st January 2005 prepare p/l appropriation account
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