Question

1 point
7. A&B are partners in a
partnership firm. The firm is using A's
personal property to store finished
goods they produce. As per the
agreement, rent for using such property
is ? 2,000 per month. The firm earned a
profit of 22,000 for the year ended
31st March 2020. How much rent is
payable to Mr. A?​

Answer 1

total Rent payable to A is 24000

and profit earned by firm is 22000

Rent payable is charge against profit so there is a net loss of 2000