Question

A and B are partners sharing profit in the ratio of 3 :2 with capitals of 50,000 and 30,000 respectively, Interest on capital is agreed @6 percent p.a. B is to be allowed annual salary of 2,500. During 2017, the of the firm peiror to calculation of interest on capital but after charging B'salary amounted to 12,000. A provision of 5% of the profit is to be maintained in respect of managers Commission. Prepare an amount sharing allocation of profits.​

Answer 1

Answer:

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