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X and Yare partnessharingsprofitsin theratioof 3:2 withcapitals of Rs. 8,00,000and Rs. 6,00,000Respectivelyinterestcapital isafreed @5%p.aYis tobeallowedan annualsalaryfo Rs. 6,00,000 whichhasnotbeenwithdrawn , profitfor theyearended 31st March,2019 beforeintereston capital but after chargedchargingY'sSalary amounted to Rs, 2,40,000 A provisionsof 5%of theprofitis bemadein respectof commissionto themagagerprepanean aaccountshowingthe allocation of profits . |
Answer» <html><body><p><br/></p><a href="https://interviewquestions.tuteehub.com/tag/answer-15557" style="font-weight:bold;" target="_blank" title="Click to know more about ANSWER">ANSWER</a> :<a href="https://interviewquestions.tuteehub.com/tag/shareof-3024177" style="font-weight:bold;" target="_blank" title="Click to know more about SHAREOF">SHAREOF</a> <a href="https://interviewquestions.tuteehub.com/tag/profit-1168589" style="font-weight:bold;" target="_blank" title="Click to know more about PROFIT">PROFIT</a>;X-<a href="https://interviewquestions.tuteehub.com/tag/rs-625947" style="font-weight:bold;" target="_blank" title="Click to know more about RS">RS</a>, 93,000;Y -rS. 62.000</body></html> | |