Question

In the absence of pa
8.
On 1st January 2002. A and B started business in partnership, No agreement was done
either oral or written. They employed 40,000 and 10,000 as capital. On 1st July 2002.
A gave a loan of 5,000 to the firm,
On 1st May, A met with an accident and could not work up to 30 June. On 31* December,
2002 the year's profit was 16,800.
A claims that:
(1) He should be given 10% Interest on capital and loan, (ii) Profit should be distributed in
proportion of capital.
B claims that:
(1) 6% interest should be given on capital and loan. (ii) Equal distribution of profit should
be done. (iii) He should be given a salary of 200 per month during the course of A's
absence from business. Solve the problem as per law and prepare profit and loss A/c.
120.792251​

Answer 1

Answer:

they had something wish you were are