Accountancy, asked by geetanand13p5lzm8, 8 hours ago

a and b are working partners in a partnership firm. they have contributed 5,00,000 each as capital and 2,00,000 each as loan. partnership deed allows payment of interest on loan as well as on capital @16% per annum and remuneration 5,00,000 to each working partner. if profit of the firm after paying interest but before deducting remuneration of partners is 8,80,000, determine the total income of the firm.

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Answered by harshraj977126

0

Answer:

being a working parties, gets a salary of Rs. 8000 per month. As per partnership deed ...

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