The following difference has arisen among P, Q, and R. State who is correct in each case:

a) P used ₹ 50,000 belonging to the firm and earned a profit of ₹ 5000. Q and R want the amount to be given to the firm.

b) Q used ₹ 10,000 belonging to the firm and incurred a loss of ₹ 1,000. He wants the firm to bear the loss.

c) P and Q want to purchase goods from Star Ltd. R does not agree.

d) Q and R want to admit W as a partner, but P does not agree.

e) R had given a loan of ₹ 2,00,000 to the firm and demanded interest @ 10%. P and Q do not want to pay the interest.

Anurag Pathak Changed status to publish April 12, 2023