Question

. P, Q and R formed a partnership firm on April 1, 2019 and contributed ` 2,00,000; ` 1,20,000 and ` 80,000 respectively as capital. On 1st July 2019 B advanced ` 90,000 to the firm by way of loan but without any agreement as to interest. The firm did not have a partnership deed. The profit for the year ended March 31, 2020 amountd to ` 1,02,600. You are required to show the division of profit among partners.​

Answer 1

Explanation:

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