Question

The
amount
x and
y are partners sharing profits in the ratio
of 3
$3:20 and Capitals a 1,00,000 and 250,000 respectivel
& Z is admitted for 15th share in profits.
I will contribute as Capital will be
(a) 850,000
t6236000
fe) 237, 500
tdi 260,000

Answer 1

Answer:

X and Y are partners sharing profits and losses in the ratio of 2 : 3 with capitals Rs. 2,00,000 and Rs.3,00,000 respectively. On 1st October, 2017, X and Y granted loans of Rs.80,000 and Rs.40,000 respectively to the firm. Show distribution of profits/losses for the year ended 31st March, 2018 in each of the following alternative cases: Case 1 : If the profits before interest for the year amounted to Rs. 21,000. Case 2 : If the profits before interest for the year amounted to Rs. 3,000. Case 3 : If the profits before interest for the year amounted to Rs. 5,000. Case 4 : If the loss before interest for the year amounted to Rs. 1,400.Read more on Sarthaks.com - https://www.sarthaks.com/465023/and-are-partners-sharing-profits-and-losses-the-ratio-with-capitals-000-000-respectively