Mand N were sharing profits and losses in the ratio of 2:3. They have

1.	Mand N were sharing profits and losses in the ratio of 2:3. They have a manager O whois paid a Salary of Rs. 8,000 per month and a commission of 5% on net profits aftercharging his salary and commission. With effect from 1-4-2000, they Invited O into thepartnership. for V6 share in future profits. At the time of O's admission, Mand N havegiven an equal guarantee that his earnings as partner will not be less than his earnings asmanager. The partnership firm has recorded a net profit of Rs. 5.16,000 for the yearended on 31-3-2001. Prepare a Profit and Loss Appropriation a/c showing the distributionof profits between MN and oyour answer here
Answer» Explanation: ANYONE in class X students PLEASE INBOX me i need to be in the ANSWER . . . . . . . . . . . . . . .. . . . . . . . .

Mand N were sharing profits and losses in the ratio of 2:3. They have a manager O whois paid a Salary of Rs. 8,000 per month and a commission of 5% on net profits aftercharging his salary and commission. With effect from 1-4-2000, they Invited O into thepartnership. for V6 share in future profits. At the time of O's admission, Mand N havegiven an equal guarantee that his earnings as partner will not be less than his earnings asmanager. The partnership firm has recorded a net profit of Rs. 5.16,000 for the yearended on 31-3-2001. Prepare a Profit and Loss Appropriation a/c showing the distributionof profits between MN and oyour answer here

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