Question - 14 

Aman, Babita and Suresh are partners in a firm their profit sharing ratio 2:2:1 Suresh is guaranteed a minimum amount of Rs. 10,000 as share of profit every year any deficiency on that account shall be met by babita the profit for two years ending 31st December, 2022 and December, 2023 were Rs. 40,000 and Rs. 60,000 respectively prepare profit and loss appropriation A/c for the two years.

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