Question

rajat nimesh and vishesh entered into partnership on1st April 2019 to share profits and losses in the ratio of 4:3:3 rajat however is personally guarented that vishesh share of profit after charging interst on capital 5% pa would not be less than 40000 pa thier capitals were 3lakhs 2 lakhs and 1lakh respectively the profit for the year ended march 2021 were 120000 show the distribution of profit​

Answer 1

Answer:

your answer

Explanation:

interest on capital

rajat :- 300000*5 % =15000

Nimesh :- 200000*5 =10000

Vishesh:- 100000*5 =5000

120000-30000= 90000

profit

• rajat=90000×4/10=36000
• nimesh=90000×3/10=27000
• Vishesh=90000×3/10=27000

rajat will pay=

40000-27000=13000