Question

io of 3:2
prepared in this question because Wet
X and Y are partners in a firm sharing profits and losses in the ratio of 3.
n capitals of 10,00.000 and 500.000 respectively. As per the partnership dee
are to be allowed interest on capital @ 8% p.a. The net profit for the year end.
1, 2016 before providing for interest on capital amounted to 45,000. She
31st March, 2016 before providing
the distribution of profit.
1. Interest on capital allowed to X30,000 and Y 15,000.]​

Answer 1

Explanation:

x partner 1000000,his investment

1st 2016 before int in cap 45000

so.45000*3/5=27000

1000000+27000=1027000

1027000*8%=82160is int on cap @8%

1027000+82160=1109160-30000=

1079160is ans of x partner