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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 @ 10000p.m
Gita will get a commission@10% p.a 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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