Podcast
Questions and Answers
How much did Sita and Geeta advance to the firm as a loan?
How much did Sita and Geeta advance to the firm as a loan?
`30,000
What is the profit-sharing ratio between Sita and Geeta in the firm?
What is the profit-sharing ratio between Sita and Geeta in the firm?
3:2
What is the interest payable by the firm to the partners?
What is the interest payable by the firm to the partners?
0, as the Partnership Deed is silent on interest on loans from partners.
