question 1

Maryam and sandos started business on January 1, 2018 with capitals of OMR 180,000 and OMR 140,000 respectively. Maryam introduced OMR 20,000 as additional capital on April 1, 2018. They decided to share the profit and losses in the ratio of 2:1. They close their books of account on December 31, every year. How much interest on capital will be paid to Maryam and Sandos, when the partnership deed provides 20% as interest on capital and the firm gets a LOSS of OMR 20,000?

options

O a. OMR 13,333; OMR 21,334

O b. OMR 36,000; OMR 28,000

O c. No interest will be paid

O d. OMR 39,000; OMR 6,666