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32. (Fixed Capital of Partners X^ prime X(s and Z are partners with is of 2,50,000, 2,00,000 and 1,50,000 respectively. The share profits upto 24,000 in their capital ratio and m equally. X advanced 50,000 as loan @ 6 8 pa. to thi partnership deed further provided that: Interest on capital be allowed at 6% p.a. and interest be charged at 6% p.a.?
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32. (Fixed Capital of Partners X^ prime X(s and Z are partners with is...
Explanation of Partnership Deed


Fixed Capital of Partners


  • X, Y and Z are partners with fixed capital of 2,50,000, 2,00,000 and 1,50,000 respectively.



Sharing of Profits


  • The profits are shared in their capital ratio and m equally.

  • If the profit is up to 24,000, then it will be distributed in their capital ratio and the remaining profit will be distributed equally.



Loan by Partner X


  • X advanced 50,000 as a loan to the partnership at 6% p.a. interest.



Interest on Capital


  • Interest on capital is allowed at the rate of 6% p.a.



Interest on Loan


  • Interest on the loan advanced by X will be charged at 6% p.a.



Conclusion

In conclusion, the partnership deed outlines the fixed capital of partners, sharing of profits, loan advanced by partner X, and the rate of interest on capital and loan. This deed helps to ensure transparency and fairness in the partnership, and helps to avoid any disputes or misunderstandings in the future.
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32. (Fixed Capital of Partners X^ prime X(s and Z are partners with is of 2,50,000, 2,00,000 and 1,50,000 respectively. The share profits upto 24,000 in their capital ratio and m equally. X advanced 50,000 as loan @ 6 8 pa. to thi partnership deed further provided that: Interest on capital be allowed at 6% p.a. and interest be charged at 6% p.a.?
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32. (Fixed Capital of Partners X^ prime X(s and Z are partners with is of 2,50,000, 2,00,000 and 1,50,000 respectively. The share profits upto 24,000 in their capital ratio and m equally. X advanced 50,000 as loan @ 6 8 pa. to thi partnership deed further provided that: Interest on capital be allowed at 6% p.a. and interest be charged at 6% p.a.? for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about 32. (Fixed Capital of Partners X^ prime X(s and Z are partners with is of 2,50,000, 2,00,000 and 1,50,000 respectively. The share profits upto 24,000 in their capital ratio and m equally. X advanced 50,000 as loan @ 6 8 pa. to thi partnership deed further provided that: Interest on capital be allowed at 6% p.a. and interest be charged at 6% p.a.? covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 32. (Fixed Capital of Partners X^ prime X(s and Z are partners with is of 2,50,000, 2,00,000 and 1,50,000 respectively. The share profits upto 24,000 in their capital ratio and m equally. X advanced 50,000 as loan @ 6 8 pa. to thi partnership deed further provided that: Interest on capital be allowed at 6% p.a. and interest be charged at 6% p.a.?.
Solutions for 32. (Fixed Capital of Partners X^ prime X(s and Z are partners with is of 2,50,000, 2,00,000 and 1,50,000 respectively. The share profits upto 24,000 in their capital ratio and m equally. X advanced 50,000 as loan @ 6 8 pa. to thi partnership deed further provided that: Interest on capital be allowed at 6% p.a. and interest be charged at 6% p.a.? in English & in Hindi are available as part of our courses for Class 12. Download more important topics, notes, lectures and mock test series for Class 12 Exam by signing up for free.
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