Question

Interest on Capital
Question 33.) X and Y are partners sharing the profits and losses in the ratio of 2:1 with capitals of rupees 50,000 and rupees 30,000 respectively. Show the distribution of profits in each of the following alternative cases.​

Answer 1

Explanation:

in case 5 it is mentioned that inspite of loss also interest on capital will be given to the partners so we will transfer loss to partners a/c