sharing profits and losses in the ratio of 5:3. The balance in their fixed capital accounts, on April 1, 2006 were: Priya,
Rs. 6,00,000 and Kajal, Rs. 8,00,000. The profit of the firm for the year ended March 31, 2007 is Rs, 1,26,000. Calculate their shares of profits: (a) when there is no agreement in respect of interest on capital, and (b) when there is an agreement that the interest on capital will be allowed @ 12% p.a.
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I have send the pic of answer with explanation but remember that in case (b) the interest on Capital of both the patner is more than the profit of the year so make working note just like me in which calculate both patner interest on Capital ratio
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tripathianshika2001:
in my place there is no factory ...
it is mandatory to make report on only local factory or we can take help from Internet
its my school holiday homework and it is mandatory.to make report on any factory we can take help from internet ...
but the main problem is that i dont that how to present a report in business .. like i have to show their wages distribition and production management so representation of this question is difficult ...
I have one link but I am unable to send you
the link is not send in this app
ohh... okey the n i have to find some judag
did you mean jugaad
ya ... JUGAAD..
ok
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