Question

Ram, Shyam and Kishore are partners of a firm with equal shares. The
profit and loss account for the year ended 31-3-2018. Shows a net profit of
1,00,000 after debiting the following as per the deed.
(a) Salary to Ram 20,000 and to Shyam 15,000
(b) Bonus to Kishore 15,000
(c) Interest on Capital to Ram 2,000 (In excess of the specified limit)
(d) 320,000 paid to the rent of the business premises.
(c) Commission of 5,000 was given to Kishore.
Compute the book profit of the firm assuming all the partners are working
partners.​

Answer 1

Answer:

interest on capital to ram 2,000(in excess of the specified limit

Answer 2

Answer: i think the frim will shown the divisible profit after deduction of all the things... If we taken back all the things than actual profit will be 4,77,000 its a net profit.... And 1,00,000 after deduction all things it is divisible profit

Explanation: