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Please do only if u can do in 5 minutes or else let others try 33. A and B contribute 35,00,000 and 33,00,000 respectively by
Please do only if u can do in 5 minutes or else let others try 33. A and B contribute 35,00,000 and 33,00,000 respectively by way of capital on which they agree to allow interest at 6% p.a. Their respective share of profit is 3 : 2 and the profit for the year is $40,000 before allowing interest on capitals. Prepare the necessary account to allocate interest on capital
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