Question

Ans. Net Profit: A 17,340; B-8,670; 2,690)
AX and Y are entered into partnership sharing the profit and losses in the ratio of 32. X being a
non-working partner contributed 5,00,000 as his Capital on 1st January 2015. Y being a
working partner agreed to work for the firm. The partnership deed provides for interest on
capital and salary to every working partner @ 2,000 p.m. Net Profit before providing for
interest on capital and partners' salary for the year 2015 was 1,20,000. Show the distribution
or profit
(S.S.E.B. Rajasthan, 2016)
Ans. Net Profit : X 33,600. Y 22,400.1
2017 They contributed 1.60,000​

Answer 1

Explanation:

hardddddddddddffffffd