Questions


July 2021 1 18 Report
Ram Lakhan are partners sharing profit sharing ratio 2 is to 1 on 1st April 2019 their capitals where Ram rupees 50000 and Lakhan rupees 40000 (I) IOC is allowed at 5% per annum (ii) interest on advance by election for the whole amount being rupees 30000(iii) ioD at 6% per annum. drawings of Ram Lakhan are 10000 and 8000. (IV) 10% of the divisible profit is to be transfer to reserve net profit after debit of interest on Loan by the partner for the
year ended 31st March 2020 is rupees 68460 .find the amount of share of profit of RAM in Lakhan






please please solve this for me... please guys​

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