Question

A.B and C started a partnership on 1" October, 2020 with capitals of 60,000; 50,000 and 30.000
respectively. C advanced * 10,000 as loan on 1 Jan, 2021. The partnership deed has the following
clauses:-
(1) Interest on Capital is to be allowed @ 6% p.a.
(ii) Interest on Drawings is to be charged @ 6% p.a. A withdrew 4,000 per quarter at the beginning of
each quarter, B withdrew 4,000 per quarter at the middle of each quarter and C withdrew
4,000 per quarter at the end of each quarter.
(ii)Working partners B and C to get salary of 32,000 per month and 2,500 per Quarter respectively.
(iv)B is to get rent of 2,000 per month for use of his building by the firm. It is paid to him by
cheque at the end of every month.
(V) Profits are shared in the ratio of 4: 2 : 1 up to 335.000 and above 35,000 equally.​

Answer 1

Answer:

b

Explanation:

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