Nimrat, Maira, and Kabir are partners sharing profits in the ratio of 2:2:1. Nimrat is guaranteed a minimum profit of ₹ 1,60,000 per annum. Net Profit for the year ended 31st March 2023 is ₹ 1,00,000.

Prepare Profit and Loss Appropriation Account for the year.

Anurag Pathak Changed status to publish April 10, 2023