question_answer

Y and X are partners in a Firm and sharing the profit & loss in the ratio of 3 : 2 with a capital of Rs.5,00,000 and Rs.3,00,000 respectively. Calculate the amount of profit or loss to be distributed among the partner if partnership deed provides interest on capital @ 10% p.a. and Profit for the year is Rs.8,000. Amount to be credited to the partners' capital account:

A) Profit: Y = 3000 and X = 5000

B) Loss: X = 45000 and Y = 27000

C) X = 4,000 and Y = 4,000

D) Profit: Y = 5000 and X = 3000