Year The profits and losses for the last years are Profit (loss) The 2001 2002(20, 000) 2002 2003(5, 000) 2003 20041, 96,000 2004 20051, 52,000 average capital employed in the business is Rs 4, 00, 000 The rate of interest expected from capital invested is 12 The remuneration of partners is estima...

Normal Profits Capital employed x Normal Rate of ...

Year The profits and losses for the last years are: Profit/(loss) The 2001-2002(20, 000) 2002-2003(5, 000)...

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Year The profits and losses for the last years are: Profit/(loss) The 2001-2002(20, 000) 2002-2003(5, 000)...

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