2. A present the following Profit and Loss Appropriation Account to his partner B for the year ended 31st March, 2017 Particulars Amount Particulars Amount To Salary: A 10,000 B 8,000 ___________ To Interest on Capital: A 3,000 B 2,000 ________ To Interest on A’s [email protected]% To Profit transfer to capital : A--3/4 12,000 B --- 1 / 4 4,000 18,000 5,000 1200 16,000 By Profit & Loss A/c 40,200 40,200 40,200 B feels that he is not fairly treated by A. There is no partnership deed. You are required to prepare Profit and Loss Appropriation account as per the provision of partnership Act,1932.

2. A present the following Profit and Loss Appropriation Account to hi

1.	2. A present the following Profit and Loss Appropriation Account to his partner B for the year ended 31st March, 2017 Particulars Amount Particulars Amount To Salary: A 10,000 B 8,000 ___________ To Interest on Capital: A 3,000 B 2,000 ________ To Interest on A’s [email protected]% To Profit transfer to capital : A--3/4 12,000 B --- 1 / 4 4,000 18,000 5,000 1200 16,000 By Profit & Loss A/c 40,200 40,200 40,200 B feels that he is not fairly treated by A. There is no partnership deed. You are required to prepare Profit and Loss Appropriation account as per the provision of partnership Act,1932.
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