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CBSE Class 12-commerce Answered

Akhil and Bimal are partners sharing profits in 1st October, 2019. On the same date, the firm agreement as to interest. the ratio of 3:2. Akhil gave loan to the firm of 1,00,000 on gave loan to Bimal of 1,00,000. They do not have an Akhil had also given his personal property for firm's godown at a monthly rent of 5,000. 1,03,000 (before above adjustments) for the year ended 31st March, 2020. Show the Firm earns profit of distribution of profit for the year.
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Asked by technicalayushmaan | 31 May, 2020, 02:56: PM
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Complete solutions along with the detailed workings for all similar questions are provided on our website under Text Book Solutions.
Answered by Surabhi Gawade | 31 May, 2020, 03:09: PM

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