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A, B&C are partners. There capital …

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A, B&C are partners. There capital 50,000 ;40,000; 30,000 on 1st april 2014. They share profit and loss in 5:3:2 . C's share of profit exculding Interest on capital in gauranteed by the firm ₹16,000 p.a. B's share of profit including interest on capital & salary is quarantined by A by at a minimum of ₹26000 p.a. The profit for year ended 2015 is ₹80,000 before interest on capital @5% and salary to B ₹1000 p.m. which under the partnership allowed.

Posted by Tikshika Kumari 6 years, 3 months ago

CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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