X Y &Z are partners in a firm. at the time of division of profit for the year there was dispute between the partners.profits before interest on partners capital was Rs 6000 and Y determined interest @ 24% p.a. on his loan of Rs 80000. there was no agreement on this point. calculate the amount payable to X Y&Z
A. rs 2000 to each partner
b. loss of rs 4400 for X&Z & Y will take home rs 14800
c. rs 400 for X RS 5200 for Y AND RS 400 for Z
d. rs 2400 to each partner.
can anyone answer this question?
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