1st 2018 to share profits and losses in the ratio 4:33. Rajat
however, Personally guaranteed that vishesh's share of prot
after charging interest on Capitals @ 5% p.a. would not be tess
than rs. 40,000 p.a. The capital contributions were - Rajat 3
Lakhs. Nimesh: 2 Lakhs and vishesh: 1 Lakh. The Profits for the
period ended 31 March 2020 nere Rs. 120000 Pass necessary
19. Rajat Nimesh and vishesh entered in to a partnership on Abalos
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Answer:
Explanation:
interest on capitals
Rajat. 300000*5%=15000
nimesh. 200000*5%=10000
vishesh. 100000*5%=5000
=30000
120000-30000=90000
profits
rajat. 90000~4/10=36000
nimesh 90000×3/10=27000
vishesh 90000×3/103D27000
rajat will pay 40000-27000=13000
Explanation:
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