Question

11.X,Y,Z are the parents in a firm, at the time of division of profit for the year there capital was dispute between the partners. Profit before interest on partner's capital was 6000 and Y determined interest @24%p.a. on his loan of rs. 80000, there was no agreement on this point. Calculate the amount payable to X, Y, Z respectively.

2000 to each partners

Loss of 4400 for X and Z Y will take 14800

400 for X, 5200 for Y and 400 for Z.

none of the above

12.A and B are partners in partnership firm without any agreement. A has given a loan of rs. 50000 to the firm. At the end of the year loss was incurred in the business. Following interest may be paid to A by the firm

@5%p.a.

@6%p.a.

@6%p.m.

as there is a loss in the business, interest cannot be paid

Option 4

Clear selection​

Answer 1

Answer:

In the absence of partnership deed, Interest on loan at 6% will be calculated and also profit will be shared equally.

Interest on loan = 80000*6/100 = 4800.  

Profit available for distribution = 15000 - 4800 = 10200  

Profit distributed = 10200/ 3 = 3400.

Share of X = 3400.

Share of Y = 3400+4800 = 8200

share of Z = 3400.

PLS MARK AS BRAINLIEST <3