Question

X and y are partners sharing of profit and loos in the ratio of2:1with capital of rs50000 and rs30000 respectively show the distribution of profit in following alternative cases
(1) if the partnership deed in silent as the interest on capital and the profit of the year are rupees 9000
(2) if the partnership deed provide for interest on capital@ 6% per annum anti profit for the year are rupees 3000
(3) if a partnership deed provide for interest on capital@ 6% per annum even if it involve the firm in loos and profit for the year rupees 3000

Answer 1

Answer:

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