Accountancy, asked by letstakeaselfie6737, 1 year ago

A and B are partners sharing the profits and losses in the ratio of 2:3 with capitals of rupees 40,000 and rupees 20,000 respectively.On 1st july 2017,A and B granted loans of rupees 80,000 and rupees 40,000 respectively to the firm.Show the distribution of profits and losses if the profits before charging any interest for the year 2017 amounted to rupees 8400.

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Answered by shwetajharxl
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