Kalyani TO FINANCIAL ACCOUNTING-II (HONOURS & GENERAL) They appointed Anita as their manager on 1st July, 2019 at a salary of 9,600 p.a. plus a bonus of 5% of the profits after charging such bonus and interest on capital. Anita had to deposit on 1st July, 2019 80,000 as security carrying interest at 12% p.a. In June, 2022 it was settled that Anita should be treated as a partner from the commencement of the 14 A WELCOME APPROACH and Ranu commenced business on 1st July, 2019 as partners with capitals of 1,80,000 and 1.20,000 respectively. The capitals remain fixed and carry interest @ 10% p.a. Profits and losses are to be shared in proportion to their capitals. business. It was agreed that she would be entitled to one-fifth of the profits and her security deposit would be treated as her capital carrying interest @ 10% p.a. instead of the 12% she had received. It was further agreed that this new arrangement should not result in Anita's share for any of these years being less than she