Question 14 Of TS Grewal (CBSE)
Vinod and Mohan are partners. Vinod’s Capital is Rs. 1,00,000 and Mohan’s Capital is Rs. 60,000. Interest on capital is payable @6% p.a. Vinod is to get salary of Rs. 3,000 per month. Net Profit for the year is Rs. 80,000. Prepare Profit & Loss Appropriation Account.
Solution 14 Of TS Grewal (CBSE)