Question

priya and kajal are partners in a firm,sharing profits and losses in the ratio of 5:3. The balance in their fixed capital accounts, on April 1,2019 were:Priya:6,00,000 and kajal:8,00,000.The profits of the firm for the year ended 31 march 2020 is 1,26,000.Calculate their sharing profits:(a)when their is no agreement in respect of interest on capital,and(b)when their is an agreement that the interest on capital will be allowed@12%p.a​

Answer 1

Answer:

5.3

Explanation:

24+237

eeIdtictjci

ygg

h

h

h

j

j

jhcubyh

ggxuucubh

jvfu

ygu

v

j

sm

f

rdin

ydi

gmft

..y

euchcovu

if dyvvjvduvuvfix