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Reema and seema are partners sharing …

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Reema and seema are partners sharing profits equally. The partnership deed provides that both reema and seema will gey monthly salary of 15000 each,interest on capital wiil be allowed @5%p.a.and interest on drawings will be charged @10%p.a. their capital were 500000 each and drawings during the year were 60000 each. The firm incurred net loss of 100000 during thr year ended 31st march,2019. Prepare profit and loss appropriation account.
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Anjali Patel 2 years, 3 months ago

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