Question

Chapter 2. Accounting for Partnership Firms-Fundamentals 2.8
0. Akhil and Bim
and Bimal are partners sharing profits in the ratio of 3:2. Akhil gave loan to the firm of 1,00,000
October, 2019. On the same date, the firm gave loan to Bimal of 1,00,000. They do not hav
agreement as to interest.
i had also given his personal property for firm's godown at a monthly rent of 5,000,
eams profit of 1,03,000 (before above adjustments) for the year ended 31st March, 2020.Sh
Firm ear
distribution of profit for the year.
bkit Bhanu and Charu are partners in a firm sharing profits and losses equally with capital of 7​

Answer 1

Answer:

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