PRACTICAL QUESTIONS
ort Practical Questions
1. Ashok and Avi were partners in a firm, distribute profit and loss in 3:2. Their capitals were 40,000 and
25,000 respectively. According to the deed, they were entitled to get 5% interest on capital before distributing
profit and loss. The profit of the firm for the year was 3.900 before déducting interest. Show how the profit
will be distributed and prepare their capital accounts.
[Ans. Profit: Ashok 390; Avi 260
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According to a messenger Birbal was very busy counting crows in the city.
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