howed even if it involves the firm in loss.
Wie is a clear agreement that the interest on capitals will be
[Ans. In first case, Interest on Capital A 324,000 and B 718,000. In second case,
Loss A8,400 and B *5,600.]
0.37. P and Q were partners in a firm sharing profits in 3 : 1 ratio. Their
respective fixed capitals were 10,00,000 and 36,00,000. The partnership deed
provided interest on capital @ 12% p.a. The partnership deed further provided the
interest on capital will be allowed
fully even if it will result into a loss to the firm. Tk
net profit of the firm for the year ended 31st March, 2018 was 31,50,000.
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not now sorry ,,,,,,,,,,,,,,
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