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:

It will be 50 percent of the annual income.

Explanation:

The capital will be Rs 5678

Answer 2

Answer:

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