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A & B are partners sharing profits & losses in the ratio of 3:2 having capital of Rs 80,000 & Rs 50,000 resp. They are entitled to 9% p.a. interest. During the year firm earned Rs 7,800 after providing interest on capital. Profits apportioned between A & B shall be: |
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Answer» A & B are partners sharing profits & losses in the ratio of 3:2 having capital of Rs 80,000 & Rs 50,000 resp. They are entitled to 9% p.a. interest. During the year firm earned Rs 7,800 after providing interest on capital. Profits apportioned between A & B shall be: |
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