X Y and Z are partners …
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X Y and Z are partners in firm with respective capitals of rs 50000,30000 and 20000. According to the a partnership deed each partner in enititled to interest on capital @5% p.a. and sulary of rs 1000 p.a of the net divisible profit,the profit and loss A/C for the year ended disclosed and profit of rs 25000. Prepare profit and loss appropriation account.
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