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X and Y are partners sharing profits in the ratio of 3 : 2. Their partnership deed provided for allowing interest on capital @10% p.a. and charging interest on drawings @12% p.a. The incompleteProfit and Loss Appropriation Account for the year ended 31stMarch, 2019,partners capital and current accounts are given below :
Profit and Loss Appropriation Account for the year ended
31stMarch,2019
By: Kamal Kashyap ProfileResourcesReport error
Tanmay Chordiya
x and y are partners sharing profits in the ratio of 3:2. their partnership deed provided for allowing interest on capital @10% p.a. and charging interest on drawings @12% p.a. the incomplete profit and loss appropriation account for the year ended 31st march, 2019, partners' capital and current account are given below:
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