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Accountancy – XII_2021-09
March 26, 2020
e) Partnership deed provided annual salary to Shikha @ `44,000 as a charge and
profits and losses are to be distributed in the ratio of 3:2.
f) Partnership deed provided for IOC @5% p.a. and annual salary to Shikha @ `18,000
and profits and losses are to be distributed in the ratio of 3:2.
g) Partnership deed provided for IOC @5% p.a. and annual salary to Shikha @ `18,000
both as a charge and profits and losses are to be distributed in the ratio of 3:2.
h) Partnership deed provided for IOC @10% p.a. Shikha was to be provided annual
salary @ `30,000 as a charge. Profits and losses are to be distributed in the ratio of
3:2.
i) Partnership deed provided for IOC @10% p.a. as a charge and annual salary to
Shikha @ `30,000. Profits and losses are to be distributed in the ratio of 3:2.
j) Partnership deed provided for IOC @10% p.a. and Shikha was to be provided annual
salary @ `30,000. Profits and losses are to be distributed in the ratio of 3:2.
k) Partnership deed provided as under
- Annual salary to Rekha and Shikha @ `12,000 and `18,000 respectively and
- IOC @ 10% on capitals
- Profits and losses are to be shared in the ratio of 3:2.
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