X, Y, and Z are partners in a firm. At the time of division of profit for the year, there was a dispute between the partners. profits before interest on partner's capital was 12,000 and Y determined interest 24% p.a. on his loan of 1,60,000. There was no agreement on this point. Calculate the amount payable to X, Y, and Z respectively.

X, Y, and Z are partners in a firm. At the time of division of profit

1.	X, Y, and Z are partners in a firm. At the time of division of profit for the year, there was a dispute between the partners. profits before interest on partner's capital was 12,000 and Y determined interest 24% p.a. on his loan of 1,60,000. There was no agreement on this point. Calculate the amount payable to X, Y, and Z respectively.
Answer» X, Y, and Z are partners in a firm. At the time of division of profit for the year, there was a dispute between the partners. profits before interest on partner's capital was 12,000 and Y determined interest 24% p.a. on his loan of 1,60,000. There was no agreement on this point. Calculate the amount payable to X, Y, and Z respectively.

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