A, B and C are partners sharing profits and losses in the ratio of 3:2:1. theur capitals were ₹80000,₹ 60000,₹ 40000 respectively. According to the partnership agreement partners are entitled to receive the following:
(a) interest on capital @ 12%
(b)salaries @ ₹ 300 per month to each partner
(c) interest on drawings is to be charged @ 12% irrespective of the period. partner's drawings amount to ₹ 8,000 for A ,₹ 6,000 for B and ₹ 5,000 for c
The profit earned by the firm after charging partner's salaries but before allowing interest on capital and charging interest on drawings amounts to ₹ 44,000.
distribute profit among partners
(Ans.profit;12.340;B-₹8,227;C-₹4113)
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Answered by
4
Explanation:
A B and C are partners Sharing
profits in the ratio of 3:2:1. Their
Capital were Rs 8000 , Rs 60000
Rs 40,000respectiver...
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Answered by
1
Answer:
answer profit ; 13.340;b=4113
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