X, Y and Z are partners sharing profits equally
7 :- X, Y and Z are partners sharing profits equally. They decided that in future Z will get 1/5th share in profits. On the day of change, Firm’s goodwill is…
Bhanu and Pratap are sharing profits equally
19 :- Bhanu and Pratap are partners sharing profits equally. Their fixed capitals as on 1st April 2024 were Rs 8,00,000 and Rs 10,00,000 respectively. Their drawings during the year…
Reema and Seema are partners sharing profits equally
18 :- Reema and Seema are partners sharing profits equally. The partnership deed provides that both Reema and Seema will get monthly salary of Rs 15,000 each, Interest on capital…