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ILLUSTRATION. The following is the P and L. Account of an AOP of Mohan, Sohun und NIZ General Expenses Establishment Expenses a debes Salary to
ILLUSTRATION. The following is the P and L. Account of an AOP of Mohan, Sohun und NIZ General Expenses Establishment Expenses a debes Salary to Sohan Commission to Ramesh Interest on Capital 10.000 By C Pro 1.000 Interest on Securities (Growl 6.000 6.000 Rent from Property Municipal Taxes (for property let) 250 reston drawings 6.000 Mohan 1.000 6.000 Scha 1.500 Ramesh 000 4.500 Mohan 4.000 Sohan 4.500 Ramesh 5.000 2.400 Depreciation Bad Debts Reserve 1.000 Net Profit Mohan 10,140 Sohan 10.140 Ramesh 5.070 71.500 71 500 Partners are sharing the profit and loss in the ratio of 2.2: respectively. Calculate the total income of the AOP and allocate it amongst its members
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