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Taran and Deep are partners sharing the profits and losses in the ratio of 2 : 3 with capitals of ₹ 3,00,000 and ₹ 2,00,000 respectively.

On 1st October 2022, Taran and Deep gave loans of ₹ 60,000 and ₹ 30,000 respectively to the firm.

Show the distribution of profits/losses for the year ended 31st March 2023 in each of the following cases:

Case – 1: When Profit before interest for the year amounted to ₹ 3,750.

Case – 2: When Profit before interest for the year amounted to ₹ 2,250.

Case – 3: When Loss before interest for the year amounted to ₹ 3,750.

Anurag Pathak Changed status to publish April 14, 2023
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