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arjun and bhim were partners sharing …

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arjun and bhim were partners sharing profit and losses ratio of 5:3 an 1 april 2016 their capital account showed balance of Rs.300000 and Rs.200000 respectively.calculate the amount of profit to be distributed between tha partners if the partners provided for interest on capital @10% p.a.and firm earnd a profit of Rs.45000 for the year ended 31st march 2017

Posted by Tulsi Kumari 8 years, 2 months ago

CBSE > Class 12 > Accountancy

1 answers

Md Kashif 8 years, 2 months ago

Arjun's interest on capital 27000 and bhim's interest on capital 18000.

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CBSE > Class 12 > Accountancy

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