Question

in the ratio
[Ans. Net Profit : A17,340; B– 8,670; C—2,890]
BA. X and Y are entered into partnership sharing the profit and losses in the ratio of 3: 2. X being a
non-working partner contributed 5,00,000 as his Capital on 1st January 2019. Y being a
working partner agreed to work for the firm. The partnership deed provides for interest on
capital @ 8% and salary to every working partner @* 2,000 p.m. Net Profit before providing for
interest on capital and partners' salary for the year 2019 was 1,20,000. Show the distribution
of profit.​

Answer 1

Answer:

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Explanation:

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