Maqbool and asif are partners in a business their partnership agreement provides that<\/p>
1.salary to each partner Rs.3000 per month<\/p>
2.remaining profit or loss will be shared 2\/3 to maqbool and remaining to asif.<\/p>
what is the share of profit of asif when net income of partnership business is Rs.300,000?<\/p>", "transcribed_text": "", "related_book": { "title": "Financial and Managerial Accounting", "isbn": "9780538480901, 9781111525774, 538480890, 538480904, 1111525773, 978-0538480895", "edition": "11th Edition", "authors": "Jonathan E. Duchac, James M. Reeve, Carl S. Warren", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/52.jpg", "uri": "\/textbooks\/financial-and-managerial-accounting-11th-edition-52", "see_more_uri": "" }, "free_related_book": { "isbn": "0197537294", "uri": "\/textbooks\/seven-myths-of-the-spanish-conquest-updated-edition-978-0197537299-387701", "name": "Seven Myths Of The Spanish Conquest", "edition": "Updated Edition" }, "question_posted": "2024-06-17 12:14:39", "see_more_questions_link": "\/study-help\/questions\/business-finance-2024-August-28", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/in-fig.-20-60-determine-the-magnetic-and-direction-of-the", "description": "In Fig. 20-60, determine the magnetic and direction of the magnetic field at the midpoint of the side of the triangle between wire M and wire N.", "stars": 3 }, { "url": "\/study-help\/understanding-financial-accounting\/present-an-income-statement-with-earnings-per-share-statement-of-1579021", "description": "Present an income statement with earnings per share, statement of stockholders' equity, balance sheet, and supplemental cash flow information, p. 172 LO1", "stars": 3 }, { "url": "\/study-help\/psychology\/talk-but-not-too-much-engage-in-the-conversation-but-1980540", "description": "Talk but not too much; engage in the conversation, but dont dominate it.", "stars": 3 }, { "url": "\/prepare-commonsized-financial-statements-for-leslie-fay-for-the-period", "description": "Prepare common-sized financial statements for Leslie Fay for the period 19871991. 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