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Commerce · Q1977

Accounting

Graduate and Post Graduate · Commerce · question 1977

Q1977

A and B invest Rs. 2,00,000 and Rs. 1,00,000 respectively in a partnership, and agree to divide profit and loss equally after providing for interest @ 10% per annum on original capital, and salaries of Rs. 24,000 and Rs. 48,000 respectively. How much amount A would get if the period's net income (before interest and salaries) is Rs. 90,000:

A.
Rs. 45,000
B.
Rs. 89,000
C.
Rs. 36,000
Answer
D.
Zero

Answer: Option C

Solution

Answer: Option C
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