Question

Hemant and Deepak are partners in a firm having no
partnership agreement. The profit for the year was
14,200. Hemant claimed interest @ 12% p.a. on the
loan of 70,000 given to the firm. Calculate the share
of Hemant and Deepak is the profit of the firm :​

Answer 1

Explanation:

The profit share between Hemant and Deepak according to partnership act 1932 such as equally

profit of Hemant and Deepak is equal as 7100

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Answer 2

Answer:

Explanation:

The profit share between Hemant and Deepak according to partnership act 1932 such as equally  profit of Hemant and Deepak is equal as 7100