Bani rani and mani are partners sharing profit and loss in the ratio of 3:2:1 bani and mani granted loans to the firm on 1st oct 2018 of 2,00,000 and 3,00,000 respectively .it is agreed that the loans will be interest bearing .interest being 6% p.a. books of ac of the firm are closed on 31st march every year .
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