Question

X, Y, and Z are partners in a firm. At the time of division of profit for the year, there
dispute between the partners. Profit before interest on partner's capital was 76,000 and Y
determined interest @24% p.a. on his loan of 380,000. There was no agreement on this point.
Calculate the amount payable to X, Y, and Z respectively.
1
(a) 32,000 to each partner.
(b) Loss of 34,400 for X and Z, Twill take 314,800.
(c) 400 for A, 35,200 for Land 3400 for Z.
(d) None of the above
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Answer 1

Answer:

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