Question

X and Y are partners in a firm sharing profits in the ratio of 4:3 with capitals of Rs. 200,000 and 500,000 respectively. As per the partnership deed they are allowed interest on capital @8% p.a. The net profits for the year ended 31st March, 2017 before providing interest on capital amounted to Rs. 49,000. The share of profits of X and Y after appropriation will be as follows: class12 commerce​

Answer 1

Explanation:

This is your answer OK bro