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                                    Jay and Veeru are partners in the ratio 7:3 with capital Rs. 150000& 80000 on 1st April 2020. Veeru is entitled to a salary of Rs. 2500 per quarter & Jai is entitled to a commission of 20% of net profit. Interest on capital to be allowed @10% per annum. Prepare profit and loss appropriation account | 
                            
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