Question

Nitin and vipin are partners sharing profit and loss in the ratio of 2 is to 1 the capitals are 15,000 and 40000 respectively 5% per annum agree to calculate the capitals of which part is allowed in annual salary of 36000 and which has not been withdrawn during the financial year 2012-13 written 1215 3000 the profit for the year

Answer 1

$\huge\underline{\underline{\mathfrak \red{Answer}}}$

❏Profit is defined as revenue less expenses. It may also be referred to as net income.

❏ Cash flow, on the other hand, refers to the inflows and outflows of cash for a particular business.

❏Earning revenue does not always increase cash immediately, and incurring an expense does not always decrease cash immediately