CA Foundation doubt
Plzz someone can explain ques 8 and 10
Asked by Aditi13 Nov 2024425 views
5 answers
Aditi · 13 Nov 2024
Okay thanku!
Sahitya · 13 Nov 2024
Amount of profit is ₹400 each and interest amount is ₹4,800. partner (X) and ( Z ) share is 400 each .. And partner ( Y ) share is 400+4800=5200/-
Sahitya · 13 Nov 2024
Since there was no agreement on interest of loan ... That's why we should provide interest to partner @6%p.a.... So firstly you just need distribute the profit normally in equal PSR to each partner.... And then after take out the interest on loan via 6% ..
Aditi · 13 Nov 2024
How?
Sahitya · 13 Nov 2024
Question 10 :- Answer is option (C)
Free app · 5 lakh+ learners
Ask your doubt in the Studycaller app
Read full notes, ask doubts, follow toppers and track your study hours — free on Android and iPhone.