6.Prepareanaccounttoshowdistributionofprofit
Lali,kalluandpinnuandpartnerssharingintheratioof5:3:2.Capitalofpartnersamountedtors
300000,400000and200000respectively.Laliprovidedaloanofrs500000tothefirm.
Accordingtodeed
1.Interestoncapitalallowed@10% 2.Salaryallowedtokallurs10000pa
3.Interestallowed@10%onloan
Netprofitduringtheyearamountedrs130000beforechargingtheaboveitem.4marks
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Answer:
idiot!!!!!!!!!!!!!!
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