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Q. 16. X and Y are partners in a firm sharing profits and losses in the ratio of 3 : 2 with capitals of 10,00,000 and 35,00,000 respectively. As per the partnership deed, they are to be allowed interest on capital @ 8% p.a. The net profit for the year ended 31st March, 2016 before providing for interest on capital amounted to 45,000. Show the distribution of profit. [Ans. Interest on capital allowed to X 330,000 and Y 15,000.]if you don't know anwer kindly .​

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Explanation:

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