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107% 3 ILLUSTRATION 9. Mehvish and Kachish are partners sa firma who stara paires, in the ratio of 3 2. The Profit and Loss Account of the firm for the sea is as follows NG To Opening stock To Purchases To Office salaries To General Expenses 3 6,00,000 By Sales 32.00.000 By Closing stock 10,00.000 By Rent from IP 5,00,000 By Winning from Honte rares To Donation to National sports fund 2.00,000 To Interest on Capital @ 16 p2 Mchvish Kashish 72.000 40,000 32.000 1.000 To Salary Mchvish Kashish 1.20,000 3.6-4.000 100.000 752.000 To Income Tax 1 Net Profil 69 $8.000 Additional Informations Closing stock udenlued by 2022 5 General Expenses include Demurrage changes to a 10.000 LIC prema Mehvish 20200