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

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

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