Accountancy, asked by anup45741, 28 days ago

X and Y are partners sharing profit and losses is the ratio of 3.2 with capital of ₹ 80.000 and ₹60.000 respectively show the distribution of profit, if there is no provision for interest on capital in the partnership dead and the profit s for the year are ₹25000.

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Answered by AllenGPhilip

Answer:

Explanation:

IF THERE IS NO MENTION ABOUT PARTNERS SALARY,COMMISSION,INTREST ON CAPITAL E.T.C ON THE DEED ,NO NEED TO PROVIDE THE NET PROFIT SHARE AMONG THE PARTNERS IN THEIR RATIO 3:2

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X and Y are partners sharing profit and losses is the ratio of 3.2 with capital of ₹ 80.000 and ₹60.000 respectively show the distribution of profit, if there is no provision for interest on capital in the partnership dead and the profit s for the year are ₹25000.​

Answers

X and Y are partners sharing profit and losses is the ratio of 3.2 with capital of ₹ 80.000 and ₹60.000 respectively show the distribution of profit, if there is no provision for interest on capital in the partnership dead and the profit s for the year are ₹25000.