X and y are partners share …
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X and y are partners share profit is ratio 3 ratio 2 with capitals of 80,000 and 60,000 respectively interest on capital is agreed @5% p.a Y is allowed an annual salary of 6,000 which has not been withdrawn profit for the year ended 31st March 2018 before interest on capital but after charging y's salary amounted to 24,000 A provision of 5% of profit is to be made in respect commission to the manager
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Dhruv Kalra 1 year, 1 month ago
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