A and B are partners in a business. Their capitals at the end of the year were ₹ 6,40,000 and ₹ 4,60,000 respectively. During the year ending 31st March, 2024, A’s drawings and B’s drawings were ₹ 1,20,000 and ₹ 1,40,000 respectively
A, B and C are partners. Their fixed capitals as on 31st March, 2024 were A ₹ 2,00,000, B ₹ 3,00,000 and C ₹ 4,00,000. Profits for the year ended 31st March, 2024 amounting to ₹ 1,80,000 were distributed
X, Y and Z are in the partnership and on 1st April, 2023, their respective capitals were ₹ 2,00,000; ₹ 1,20,000 and ₹ 1,00,000. Y is entitled to a salary of ₹ 25,000 and Z ₹ 20,000 per annum
