Question

12. A and B contribute 50,000 and 30,000 respectively in a partnership firm by
way
of capital on which they agree to allow interest @ 8% p.a. Their profit or loss
sharing ratio is 3:2. The profit at the end of the year was 1,400 before allowing
interest on capital. If there is a clear agreement that interest on capital will be
paid even in case of loss, then A's share will be:
(A) Profit 3,000
(B) Profit 2,000
(C) Loss 3,000
(D) Loss 2,000​

Answer 1

Answer:

Profit 3000

Explanation:

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