1.

Moli, Bhola and Raj are partners in a firm sharing profit and loss in ratio 3 : 3 : 4. Thepartnership deed provided the following (i) Interest on capital 5% per annum (ii) Interest on drawings 12% per annum (iii) Moli was allowed a annual salary of ₹ 4,000. (iv) Bhola was allowed commission of 10 % of net profit and Raj was guaranteed a profit of 1,50,000 after making all adjustments. Their fixed capital were ₹ 5,00,000, ₹ 8,00,000 and ₹ 4,00,000 respectively. On 1st April 2016 Bhola extended a loan of 1,00,000 to the firm. The net profit for the year 31st march 2017 is ₹3,06,000 Prepare profit and loss appropriation account and current account assuming that Bhola withdraw ₹ 5,000 at the end of each month, Moli withdraw 10,000 at end of each quarter and Raj withdraw 40,000 at the end of each half year.​

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ANSWER:o

Explanation:SHEESH i no GOOD at MATH



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