As per the information available provided by Dara and Gala, partners in a firm in Jammu, they do not have agreement on sharing of profits: Dara and Gala have advanced loan 90000 in 2:1 ratio on 1st April, 2018 @ 12%pa. However, on 1 Jan, 2019 Dara futher gave 50000 to the firm as loan. You are required to calculate interest on loan for the year. (Ans. Dara 8700, Gala 3600).
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what is this I cannot understand it
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NYC ques
divide all these
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