Question

at the lending rate of the banks, which is 12% p.a.
from
Jee should be charged interest on loan
Sarkar has withdrawn 50,000 from the firm for his personal use. Bose and Chatterjee aredite
Sarkar should be charged interest @ 10% p.a.
are required to give solution to each issue of dispute.
rat and Nimrat are partners from 1st April, 2018 without a Partnership Deed and they
ital of 1,00,000 and 80,000 respectively. On 1st October, 2018, Simrat advanced
n to the firm without any agreement as to interest. Nimrat allows the firm to carry
m premises owned by her for a yearly rent of 25,000. Profit as per the Profit and L
the year ended 31st March, 2019 was * 1,50,000 before charging interest on loan a
tners do not agree on allowing of interest and the basis of division of profits.
are required to divide the profits giving reasons for your method.
itabh presents the following Profit and Loss Appropriation Account to his Partner
PROFIT AND LOSS APPROPRIATION ACCOUNT
for the year ended 31st March, 2019​

Answer 1

Answer:

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