Manpreet and hermit are partners sharing …

Manpreet and hermit are partners sharing profit in the ratio of 3 is to 1 with capital of 100000 and rupees 40000 respectively interest on capital is at the rate of 10% per annum is to be allowed a salary of rupees 500 per month during the year they withdraw rupees 10000 is profit for the year amounted to 36000 prayer to appropriation and before changing charging depreciation all

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What are current assets

Manpreet and hermit are partners sharing profit in the ratio of 3 is to 1 with capital of 100000 and rupees 40000 respectively interest on capital is at the rate of 10% per annum is to be allowed a salary of rupees 500 per month during the year they withdraw rupees 10000 is profit for the year amounted to 36000 prayer to appropriation and before changing charging depreciation all