81 :- Parul, Prerna, and Kaushal are partners sharing profits equally. Parul is guaranteed a minimum annual profit of Rs 2,00,000. Kaushal is to get a commission @ 5% of Net Sales and the commission is determined at Rs 50,000. Net Profit for the year ended 31st March 2025 is Rs 2,50,000.
Prepare profit and loss appropriation account for the year
Solution:-
