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    Accounting problem for Partnership firms?

    A & B are partners started business on 1st jan 2010.A capital.200000 B.150000.the partnership deed provides inter alia that1) Interest on capital at 10% p.a(2) A to get a salary Rs 2000p.m & B. Rs 3000p.m(3) profit are to be shared in the ratio of 3:2Net profit 216000I O D . Rs 2200 for A and Rs 2500 for B.Prepare profit & loss appropriation account.

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