Question

Bill and Monica are partners sharing profits and losses in the ratio of 3 : 2 having the capital of 80.000 and 50,000 respectively. They are entitled to 9% p.a. interest on capital before distributing the profits. During the year firm eamed 7,800 after allowing interest on capital Profits apportioned among Bill and Monica is (a) 4.680 and 3.120 (b) 4,800 and * 3,000 (c) 5.000 and 2.800 (d) None of the above ​

Answer 1

Answer:

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Answer 2

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