Question

74. A and B contribute 1,00,000 and 60,000 respectively in a partnership firm by way of capital on which they agree to allow interest @ 8% p.a. Their profit or loss sharing ratio is 3:2. The profit at the end of the year was 2,800 before allowing interest on capital. If there is a clear agreement that interest on capital will be paid even in case of loss, then B's share will be: (A) Profit 6,000 (B) Profit 4,000 (C)

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Answer 1

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Answer 2

Answer:

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