Question: Please do oly if u can do in 5 minutes or else let others try . 15. X and Y are partners with a profit

Please do oly if u can do in 5 minutes or else let others try .

Please do oly if u can do in 5 minutes or else

15. X and Y are partners with a profit sharing ratio of 1 : 2 with capitals of 34,00,000 and 56,00,000 respectively. On 1st October, 2014 X and Y granted loans of 1,00,000 and 360,000 respectively to the firm. Distribute the profit/losses amongst the partners for the year ended 31st March, 2015 in each of the following cases: Case (a) If the profit before interest for the year amounted to 12,000. (b) If the profit before interest for the year amounted to 3,000. (c) If the loss before interest for the year amounted to 7,500

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