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A and b contibute ₹400000 and …

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A and b contibute ₹400000 and ₹300000 respectivly as their capitals. They decide to allow interst on capital @8%p.a. Their respectove share of profit 3:2 and the profit for the year is₹42000 before allowing for interst on capitals .show the distribution of profit (i) Where there is no agrrement except for interst on capital and (ii) Where there is a clear agreement that the interest on capital will be allowrd evan if it involves the firm in loss.

Posted by Gagan Shukla 8 years, 2 months ago

CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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