Partnership Accounts
Telangana Open School (TOSS) · Class 12 · Accountancy
All formulas from Partnership Accounts in Telangana Open School (TOSS) Class 12 Accountancy. Key equations, constants, and identities for board exam preparation.
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Formulas
Profit and Loss Appropriation Account
Net Profit = Balance from P&L A/c
Interest on Capital = Capital × Rate %
Interest on Drawings = Total Drawings × Rate % × Avg Time
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