Question

Akhil and bharat are partners sharing profits and losses in ratio 2:3 with capitals of Rs. 2.00.000 and Rs, 1.00.000 respectively .On 1st October , 2018 Akhil and bharat gave loans of Rs,4.00.000 and Rs, 2.00.000 respectively to the firm . the parthership Deed is silent on payment of interest on partner's loan Dtermine the amount of Profit or loss for year ended 31st March ,2019 in each of the following cases to be distributed among pertners :
case 1. if the profit before interest for the year amounted to Rs. 25.000 ltbegt case if the profit before interest for the year amounted to Rs. 15.000 .
case 3. if the Loss before interest for the year amounted to Rs. 25.000.

Answer 1

Answer:

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