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A and B started a partnership …

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A and B started a partnership business on 1 st April , 2018 . They contributed rs. 6,00,000 and rs. 4,00,000 respectively , as their capitals . The terms of the partnership agreement are as under: i) Interest in capital and drawings @ 6% per annum . ii) B is to get a monthly salary of rs. 2,500. iii) sharing of profit or loss will be in the ratio of their capital contribution.

Posted by Ashwin Kaur Sethi 6 years, 5 months ago

CBSE > Class 12 > Accountancy

1 answers

Vaibhav Kunal 6 years, 5 months ago

The ratio Will be 3:2

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