divya and rina are partners in a firm sharing profits in ratio of 4:1 the following was the balance. the profits ?90000 for the year ended 31-3-2016 were divided between the partners without allowing interest on capital @12%p.a and salary to Divya @3000p.m during the year Divya withdraw ?24000 and Rina ?12000. Liability side There capital
At the end Diya 240000
Rina 120000

  • -4
Hope this helps

  • -2
What are you looking for?