L,M,N are partner in a firm …
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L,M,N are partner in a firm shareing P&L in the ratio of 2:3:5 . On April 1st,2016 their fixed capital were 200000,300000,400000 respectively.
IOC@9%per annum
IOD @ 12% per annum
Interest on partner laon@12% per annum
On July 1,2016,L brought 100000 as additional capital and N withdraw rs100000 from his capital. During the year L,M,N withdraw rs 12000 ,18000, 24000 respectively for their personal use . On jan. 1 ,2017 the firm obtain a laon of rs150000 from M
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