Question

Prepal partners (Ans Share of Profit : Lata 1,00,00 Accounts Lata 74,14,360 and Mamta 32,07,280.] Vote : Interest on partner's loan is not recorded in Capital Account. B and C are partners sharing the profits and losses in the ra کار را کر respeetively to the firm. Show the distribution of profits/losses for the year ende 2:35. On 1st July, 2019, A and B granted loans of 32,00,000 and 1,6 March, 2020, in the following cases : Case (a) If the profits before interest for the year amounted to 37,500. (b) If the loss before interest for the year amounted to 37,500. [Ans. Case (a) Share of Loss A 21,200; B 1,800 and C * 3,000; Case (b) Share of Loss A 34,200; B 36,300 and C 310,500;} Q. 12. Radha and Rukmani are partners in a firm with fixed capitals of 52, and 33,00,000 respectively. They share profits in the ratio of 1: 2. Both partners are entitled to inter capitals @ 8% per annum. In addition, Rukmani is entitled to a salary of 20,0​

Answer 1

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