In the poem, the poet Milton feels that it is not necessary to put up a monument in stone for Shakespeare because he had already made a mark in the minds of his readers. Instead, he had built a memorial for himself through his works which he would remember for a lifetime. Readers received Shakespeare's words the way one would accept the terms from God. Therefore, his statements created an everlasting impression in his readers' thoughts, which is mightier than a monument.
Aakash and Baadal entered into partnership on 1st October 2023 with capitals of Rs 80,00,000 and Rs 60,00,000 respectively. They decided to share profits and losses equally. Partners were entitled to interest on capital @ 10 per annum as per the provisions of the partnership deed. Baadal is given a guarantee that his share of profit, after charging interest on capital, will not be less than Rs 7,00,000 per annum. Any deficiency arising on that account shall be met by Aakash. The profit of the firm for the year ended 31st March 2024 amounted to Rs 13,00,000.
Prepare Profit and Loss Appropriation Account for the year ended 31st March 2024.
