Question

f the view
10. Akhil and Bimal are partners sharing profits in the ratio of 3:2. Akhil gave loan to the firm of 1,00,000 on
1st October, 2019. On the same date, the firm gave loan to Bimal of 1,00,000. They do not have an
agreement as to interest.
Akhil had also given his personal property for firm's godown at a monthly rent of 5,000.
Firm earns profit of * 1,03,000 (before above adjustments) for the year ended 31st March, 2020. Show the
ade. They
loan of
hucinor
distribution of profit for the vear.

Answer 1

Answer:

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