Question

1.
EXERCISE 2.2
A and B are two partners contributing * 50,000 and 40,000 respectively. They agreed
that interest on capital at 5% p.a will be given to partners. B will be given 10% of the
profit as remuneration for managing the business and balance of profit is to be divided in
their capital ratio. If profit during the year is * 25,000, find the share of each.
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Answer 1

Answer:

10,000

Step-by-step explanation:

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