Accountancy, asked by suyashdubey1424, 5 months ago

Ram and shyam are partners with the capital of rupees 25000 and 15000 respectively interest payable on capital is 10% p.a find the interest on capital for both the partners when the profits earned by the firm is rupees 2400?

Answers

Answered by muskangoel01
8

Answer:

ioc for

Ram = 2500

Shyam=1500

but profits are insufficient to meet the ioc

Ram shyam will get ioc in propoetion 5:3

profits to ram= 2400×5/8

= 300×5

=1500Rupees

Profits to Shyam= 2400×3/8

=300×3

=900 Rupees

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