Question

35. (Interest on Loan/Different Cases) Sad and Happy are partners in 2:1 ratio. On 1st April
2014 they gave loan of 50,000 and 40,000 to the firm. Show distribution of profits in the
following cases for the year ended 31.3.2015.
Case (a) Profit before interest R 6,900.
Case (b) Profit before interest 4,500.
Case (c) Loss before interest 600
Ans.
Sad
1,000
500
(b)
(Loss) 600
(Loss) 300
(c)
(Loss) 4,000
(Loss) 2,000
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Answer 1

Answer:

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Explanation:

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Answer 2

Explanation:

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