Question

A,b and c partners sharing profits and losses in the ratio 3:2 with capitals of 10000,1oooo,5000 respectively .Each partner is entitled to a salary of 150 and 100 per month respectively .During the year 2015_16 the drawings of the partners in anticipation of their shares of profits and salary are are A 1000,B 1000,C 1200.the profits for the year prior to calculation of interest on capital but after charging salary of partners amounted to 8000. The above feature of profits

Answer 1

Answer:

Explanation:

if there are 3 partners, how profit sharing ratio and salaries is mentioned only 2 times..

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