A, b, c enter into partnership …

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A, b, c enter into partnership on 1st April 2016 with Capitals of 10 lakh, 18 lakh ,5 lakh respectively. On 1st July 2016 be advanced 200000 and on 1st December 2016 CA advanced 100000 by way of loans to the firm. The profit and loss account for the year ended 31st March 2017 disclosed a profit of 770000 but the partners could not agree upon the rate of interest on loans and the profit sharing ratio. Repair partners capital account and loan account
Posted by Kanak Khandelwal 6 years, 6 months ago
- 1 answers
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Kanak Khandelwal 6 years, 6 months ago
2Thank You