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Black and White are 2 partners …

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Black and White are 2 partners with capitals of 30,000 and 20,000 respectively. Profits for the year ended 31 March , 2015 amounted to RS 27,100. It is agreed that 5% interest on capital shall be allowed. There is no agreement regarding sharig of profit or partnership salary. Black is a whole time partner whereas white doesn't attend business regularly. Black claims Rs 600 salary per month and 60% of balance profit .white advanced RS 10,000 as loan and he know claims 10% interest state how u will settle accounts.HOW MUCH INTEREST ON PARTNERS LOAN WILL BE CALCULATE ? IS THE PARTNERSHIP DEED EXIST OR NOT?

Posted by Nisha Deshwal 8 years, 3 months ago

CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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