Question

xyz are partner in a firm sharing ratio 2:2: 1 fixed capital of the partner where x 5 lakh y 500000 and z 250000 respectively the partnership deed provide that interest on capital is to be allow @ 10% per annum.z is to be allowed a salary of rupees 2000 per month.profit of the firm for the year ended 31 march 2020.after debiting z is salary was rupees 400000​

Answer 1

Answer:

2,75,000

Explanation:

2000 per month salary

salary for 1 year(12 months): 24000