Question
Mohammed and Ahmed are partners of a firm, who contributed RO 20,000 and Ro 15,000 as capital. They share profits in the ratio of 3:2
Mohammed and Ahmed are partners of a firm, who contributed RO 20,000 and Ro 15,000 as capital. They share profits in the ratio of 3:2 salary paid to Mohammed and Ahmed is RO 1200 and RO 1000 Respectively. The Partnership business earned a profit of RO 5000. what is the share of the profit earned by Mohammed and Ahmed
a. Mohammed RO 3,000 and Ahmed Ro 2,000
b. None of the options mentioned
c. Mohammed RO 1,200 and Ahmed RO 1,000
d. Mohammed RO 2,857 and Ahmed RO 2,143
Samar and Safa are two partners of a partnership firm who contributed RO 20,000 and RO 25,000. The profits earned by the partnership firm is RO 45,000 for the year 2019. What share of profits will each partner get, if the partnership firm has no written partnership agreement.
a. None of the options mentioned
b. Samar RO 25,000 and Safa RO 20,000
c. Samar RO 20,000 and Safa RO 25,000
d. Samar RO 22,500 and Safa RO 22,500
Please Explain while answering the questions!
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