Question 1
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Yaseen and Anwar form a partnership with
Capital contributions of Rs 600,000 and
answered
Marked out of
1.00
Rs 800,000, respectively. Their partnership
Agreement calls for Yaseen to receive
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Rs 120,000 per year in salary. Also, each partner
Is to receive an interest allowance equal to 10%
Of the partner's beginning capital contributions,
With any income or loss divided equally. If net
Income for its initial year is Rs 270,000, then
Yaseen's and blue's respective shares are
Select one:
O a. Rs 120,000:
b. Rs 135,000:
Rs 135,000
O c. Rs 185,000:
Rs 85,000
B
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Answer:
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Explanation:
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