Question: please skip if u can't do it in within 10 minutes let others try 17. A and B are partners sharing profits and losses in

please skip if u can't do it in within 10 minutes let others try

please skip if u can't do it in within 10 minutes let

17. A and B are partners sharing profits and losses in the ratio of 2 : 1. A is a non-working partner and has contributed 12,00,000 as his capital. B is a working partner. The partnership deed provides for interest on capital @ 10% p.a. and salary of 37,500 per month to the working partner. The net profit for the year ended 31st March, 2016 before providing for interest on capital and salary amounted to 370,000. You are required to show the distribution of profit

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