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A and B partners sharing profits …

CBSE, JEE, NEET, NDA

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A and B partners sharing profits in the ratio of 3:2 with capitals of 50000 and 30000 respectively interest on capital is agreed of the firm prior to calculation of interest on capital but after changing B's salary amount to12500 A provision of 5% of the profits is to be maintained in respect of managers commission prepare an account sharing allocation of profits and partners capital account
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