Raj and Pritam have capitals of rs 2,00,000 and rs 1,00,000 respectively. Interest on Capital is to be allowed as per partnership deed 6 percent p.a. Their profit sharing ratio is 5:3. The profit for the year was rs 15,000. Actual distribution of profit and loss will be:

A) Raj 12,000 and Pritam 6,000
B) Loss to Raj 1,875 and Pritam 1,125
C) Raj 12,000 and Pritam 3,000
D) Raj 10,000 and Pritam 5,000

Dear Student

Regards

  • 0
What are you looking for?