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11. Sonu and Seenu entered into a partnership on 1 March 2022. They agreed to share profits and losses on a 3:2 ratio. The following

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11. Sonu and Seenu entered into a partnership on 1 March 2022. They agreed to share profits and losses on a 3:2 ratio. The following information was contained within their partnership agreement. a. Capital; Sonu P60,000 and Seenu P30,000 b. Interest on partners' capital accounts 10% c. Salaries; Sonu P7,000 and Seenu P9,000 d. Interest on drawings 8% As at the year end, the following balances were remaining in their books: -Net profit P87,000 -Seenu's drawings were P15,000 -You are required to prepare the Profit and loss appropriation a/c for the year ended 28 February 2023 -Also do the current accounts for both partners. (20 Marks)

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