A and B started a partnership buisness on1. 1.14 they contributed ₹3, 00,000 and₹2, 00,000 respectively as their capitals. The terms of the partnership agreement are as given under:interedt on capital is to be allowed @7percent per annum, B is to get annual salary of₹10000, the drawing of the partners were ₹ 2500 and ₹ 1500 respectively,
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Explanation:
300000=2500+1500=4000.
10000=2500+1500=4000.
200000=2500+1500=4000.
A=2300 and B=1700.
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