Raman and Pawan are partners sharing profits and losses in the ratio of 3 : 2. Raman being a non-working partner contributes ₹ 50,00,000 as capital. Pawan being a working partner agrees to work for the firm. The Partnership Deed provides for interest on capital @ 8% and salary to every working partner @ ₹ 20,000 per month.

Net profit for the year ended 31st March, 2023, was ₹ 2,00,000. Show the distribution of profit.

Anurag Pathak Changed status to publish April 20, 2024
Add a Comment