Class 12th Account chapter 1 question 15 solution (ts grewal)
Question 15
Vinod and Mohan are partners. Vinod’s Capital is ₹1,00,000 and Mohan’s Capital is ₹60,000. Interest on capital is payable @ 6% p.a. Vinod is to get salary of ₹3,000 per month. Net Profit for the year is ₹80,000.
Prepare Profit & Loss Appropriation Account.