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Sohail and Maham are partners in a firm sharing profit in the ratio of 5:3. The partnership agreement provided that Sohail was to be paid salary of Rs. 1,500 per month and Maham was to get a commission of Rs. 12,000 per year. Interest on capital was to be allowed @ 4% p.a. and interest on drawings was to be charged @ 5% p.a. Interest on Sohail’s drawings was Rs. 1,800 and Maham’s drawings was Rs. 1,200. Capital of Sohail was Rs. 140,000 and Maham Rs. 100,000. The firm earned a profit Rs. 75,000 for the year ended December 31st, 2019.? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Sohail and Maham are partners in a firm sharing profit in the ratio of 5:3. The partnership agreement provided that Sohail was to be paid salary of Rs. 1,500 per month and Maham was to get a commission of Rs. 12,000 per year. Interest on capital was to be allowed @ 4% p.a. and interest on drawings was to be charged @ 5% p.a. Interest on Sohail’s drawings was Rs. 1,800 and Maham’s drawings was Rs. 1,200. Capital of Sohail was Rs. 140,000 and Maham Rs. 100,000. The firm earned a profit Rs. 75,000 for the year ended December 31st, 2019.? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Sohail and Maham are partners in a firm sharing profit in the ratio of 5:3. The partnership agreement provided that Sohail was to be paid salary of Rs. 1,500 per month and Maham was to get a commission of Rs. 12,000 per year. Interest on capital was to be allowed @ 4% p.a. and interest on drawings was to be charged @ 5% p.a. Interest on Sohail’s drawings was Rs. 1,800 and Maham’s drawings was Rs. 1,200. Capital of Sohail was Rs. 140,000 and Maham Rs. 100,000. The firm earned a profit Rs. 75,000 for the year ended December 31st, 2019.?.

Solutions for Sohail and Maham are partners in a firm sharing profit in the ratio of 5:3. The partnership agreement provided that Sohail was to be paid salary of Rs. 1,500 per month and Maham was to get a commission of Rs. 12,000 per year. Interest on capital was to be allowed @ 4% p.a. and interest on drawings was to be charged @ 5% p.a. Interest on Sohail’s drawings was Rs. 1,800 and Maham’s drawings was Rs. 1,200. Capital of Sohail was Rs. 140,000 and Maham Rs. 100,000. The firm earned a profit Rs. 75,000 for the year ended December 31st, 2019.? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.

Here you can find the meaning of Sohail and Maham are partners in a firm sharing profit in the ratio of 5:3. The partnership agreement provided that Sohail was to be paid salary of Rs. 1,500 per month and Maham was to get a commission of Rs. 12,000 per year. Interest on capital was to be allowed @ 4% p.a. and interest on drawings was to be charged @ 5% p.a. Interest on Sohail’s drawings was Rs. 1,800 and Maham’s drawings was Rs. 1,200. Capital of Sohail was Rs. 140,000 and Maham Rs. 100,000. The firm earned a profit Rs. 75,000 for the year ended December 31st, 2019.? defined & explained in the simplest way possible. Besides giving the explanation of Sohail and Maham are partners in a firm sharing profit in the ratio of 5:3. The partnership agreement provided that Sohail was to be paid salary of Rs. 1,500 per month and Maham was to get a commission of Rs. 12,000 per year. Interest on capital was to be allowed @ 4% p.a. and interest on drawings was to be charged @ 5% p.a. Interest on Sohail’s drawings was Rs. 1,800 and Maham’s drawings was Rs. 1,200. Capital of Sohail was Rs. 140,000 and Maham Rs. 100,000. The firm earned a profit Rs. 75,000 for the year ended December 31st, 2019.?, a detailed solution for Sohail and Maham are partners in a firm sharing profit in the ratio of 5:3. The partnership agreement provided that Sohail was to be paid salary of Rs. 1,500 per month and Maham was to get a commission of Rs. 12,000 per year. Interest on capital was to be allowed @ 4% p.a. and interest on drawings was to be charged @ 5% p.a. Interest on Sohail’s drawings was Rs. 1,800 and Maham’s drawings was Rs. 1,200. Capital of Sohail was Rs. 140,000 and Maham Rs. 100,000. The firm earned a profit Rs. 75,000 for the year ended December 31st, 2019.? has been provided alongside types of Sohail and Maham are partners in a firm sharing profit in the ratio of 5:3. The partnership agreement provided that Sohail was to be paid salary of Rs. 1,500 per month and Maham was to get a commission of Rs. 12,000 per year. Interest on capital was to be allowed @ 4% p.a. and interest on drawings was to be charged @ 5% p.a. Interest on Sohail’s drawings was Rs. 1,800 and Maham’s drawings was Rs. 1,200. Capital of Sohail was Rs. 140,000 and Maham Rs. 100,000. The firm earned a profit Rs. 75,000 for the year ended December 31st, 2019.? theory, EduRev gives you an ample number of questions to practice Sohail and Maham are partners in a firm sharing profit in the ratio of 5:3. The partnership agreement provided that Sohail was to be paid salary of Rs. 1,500 per month and Maham was to get a commission of Rs. 12,000 per year. Interest on capital was to be allowed @ 4% p.a. and interest on drawings was to be charged @ 5% p.a. Interest on Sohail’s drawings was Rs. 1,800 and Maham’s drawings was Rs. 1,200. Capital of Sohail was Rs. 140,000 and Maham Rs. 100,000. The firm earned a profit Rs. 75,000 for the year ended December 31st, 2019.? tests, examples and also practice UPSC tests.