X and y are partners and then
1,00,000 and 80,000
erespectively. The terms of their agreement werk as follows:
1. He will distribute the profit in the of 3:2
2. Interset m.captial will be paid 10% per annum
3.Interset on withdrawal will be
charged at 6% per annum
4. With drawal of x and y each years Rs. 15,000
5.Y is to be paid Rs. 1500 per month
Profit for the year ended 31march2004 Appropriate current account.
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