Question

P, Q and Rare equal partners in a firm. Profit before interest on loan was

t 7,200. Q advanced a loan off 80,000 to the firm and demanded interest

@ 12% thereon. There was no partnership deed.

Calculate the amount of profit or loss distributed between partners.

(a) Profit oft 800 to each partner

(b) Loss off 800 to each partner

(c) Profit oft 2,400 to each partner

(d) None of these​

Answer 1

Answer:

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