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Sita and gita are partner in a firm. They have not entered into partnership deed but had agreed on following. Salary will be paid to
Sita and gita are partner in a firm. They have not entered into partnership deed but had agreed on following.
Salary will be paid to Harry@10000 p.m.
Gita will get commission@10%of net profit.
Interest will be allow on capital@ 10% p.a .
Interest will be charged on drawing@10% p.a
Partner capital 150000 and 200000 and profit of the year 507050 . Calculate net appropriation of the partner.
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