Question

Ramesh and Suresh where the partners in the fir
m sharing profit in the ratio of capital contributed on conmencent of business which were 8000 and 60 thousand respectively the form started business on 1 April 2005 according to the partnership agreement interest can capital and drawing 12% and 10% per annum respectively Ramesh and Suresh are to get monthly salary of 2 thousand and 3000 respectively. profit of the year ended 31st March 2006 before making above appropriation was 100300 the drawing of the Ramesh and Suresh were rupees 40000 and 50000 respectively interest on drawing a wall mounted rupees 2000 Ramesh and 2500 for Suresh repair of PL appropriation account partner's capital resuming the capital fluctuating ​

Answer 1

Answer:

Capital Ratio = Ramesh : Suresh

= 80,000 : 60,000

= 4 : 3