Atul, Bipul, and Charu are partners sharing profits equally. Bipul is guaranteed a minimum profit of ₹ 2,00,000 per annum. Salary is payable to Bipul of ₹ 10,000 per month. Net Profit for the year ended 31st March 2023 is ₹ 6,60,000.

Prepare profit and Loss Appropriation Account for the year.

Anurag Pathak Changed status to publish April 11, 2024
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