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| 1. |
Sachin and Sourav are partners in a firm they share profits and |
| Answer» PROFIT AND LOSS APPROPRIATION ACCOUNTParticulars AMOUNT Particulars AmountTo Interest on capitalX= 50,000To SalaryY= 30,000 80,000 By net profit 80,000Total 80,000 Total 80,000Interest on X's capital = 20,00,000*8%=1,60,000Salary to Y = 8000*12 = 96,000Total = 2,56,000Net profits available is less than the APPROPRIATIONS to be made. So,the appropriations are to be made in the ratio of interest and salary i.e 5:3.Explanation:PLS MARK ME AS A BRAINLIST | |