Bill and Monica are partners sharing profits and losses in the ratio of 3: 2 having...
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Bill and Monica are partners sharing profits and losses in the ratio of 3: 2 having the capital of Rs. 80,000 and Rs. 50,000 respectively. They are entitled to 9% p.a. interest on capital before distributing the profits. During the year firm earned Rs. 7,800 before allowing any interest on capital. Profits apportioned among Bill and Monica is? Bill and Monica are partners sharing profits and losses in the ratio of 3: 2 having the capital of Rs. 80,000 and Rs. 50,000 respectively. They are entitled to 9% p.a. interest on capital before distributing the profits. During the year firm earned Rs. 7,800 before allowing any interest on capital. Profits apportioned among Bill and Monica is?
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Related Book For
Fraud examination
ISBN: 978-0538470841
4th edition
Authors: Steve Albrecht, Chad Albrecht, Conan Albrecht, Mark zimbelma
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