15. Shivam and Ankit are partners in a firm sharing profits and losses in the ratio of 63. TI
capitals are 3,00,000 and +2,00,000 respectively. Interest on capitale is allowed @ 6%
As per partnership agreement, interest on capital will be paid even in case of loss. The pr
at the end of the year was 7 15.000 before allowing interest on capital Interest on Capital
(a) Shivam t 9,000; Ankit 6,000
(b) Shivam 10,000; Ankit 5,000
(c) Shivam 18,000, Ankit 12,000
(d) None of these
16. The maximum number of partners in case of a partnership firme
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Answer:
c) shivam 18,000,ankit12,000
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