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A and B contribute ₹1,00,000 and …

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A and B contribute ₹1,00,000 and ?₹60,000 respectively in a partnership firm by way of capital on which they agree to allow interest @ 8% p.a. Their profit or loss sharing ratio is 3 : 2. The profit at the end of the year was ₹2,800 before allowing interest on capital. If there is a clear agreement that interest on capital will be paid even in case of loss, then A’s share will be

Posted by Mallik Arjun 3 years, 3 months ago

CBSE > Class 12 > Accountancy

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Samiksha Mishra 3 years, 3 months ago

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Jai Aggarwal 3 years, 3 months ago

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