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Don't answer if you don't know and within 10 minutes 60. Ram, Raj and George are partners sharing profits in the ratio 5:3 : 2.

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Don't answer if you don't know and within 10 minutes 60. Ram, Raj and George are partners sharing profits in the ratio 5:3 : 2. According to the partnership agreement George is to get a minimum amount of 10,000 as his share of profits every year. The net profit for the year ended 31st March, 2016 amounted to 40,000. Prepare the Profit and Loss Appropriation Account

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