CBSE BOARD XII, asked by kunaranil3454, 9 months ago

Mehesh an ramesh are partner in a firm sharing profit in the ratio of 5:3 respectively.their capital were 3 lakh and 2 lakh

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Answered by Anonymous

Mahesh and Ramesh are partners In a firm sharing profit in the ratio 5:3 there capital were rs3,00,000 and rs2,00,000 respectively. The partnership deed provided that. 1 interest on capital should be allowed @ 12% per annum. 2 a commission of 5% of net profit should be allowed to Ramesh.

Answered by AyonizaSingh

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