Question

2: Ram & Sham are partners sharing profits &
losses in ratio of 3:2. Ram being non-working
partner contributes Rs. 20,00,000 as his capital
Shyam being a working parties, gets a salary of Rs.
8000 per month. As per partnership deed interest is
paid @ 8% p.a. & salary is allowed. Profits before
providing that for year ending 31st March 2015
were Rs. 80,000. Show the distribution of profits.​

Answer 1

Answer:

ram=48000,Shyam=32000

Explanation:

profit=80000

as there are no sufficiently profits interest on capital and salary to partners cannot be given to the partners.so partners have to share their profits in profit sharing ratio only.

Answer 2

Answer:

ram 105600

sham 70400

Explanation:

ram 105600

sham 70400