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rajat nimesh and vishesh entered into partnership on1st April 2019 to share profits and losses in the ratio of 4:3:3 rajat however is personally guarented that vishesh share of profit after charging interst on capital 5% pa would not be less than 40000 pa thier capitals were 3lakhs 2 lakhs and 1lakh respectively the profit for the year ended march 2021 were 120000 show the distribution of profit |
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Answer» Answer: your answer Explanation: interest on capital rajat :- 300000*5 % =15000 Nimesh :- 200000*5 =10000 Vishesh:- 100000*5 =5000 120000-30000= 90000 profit
rajat will PAY= 40000-27000=13000 |
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