Working notes:
1.Calculation of interest on loan
As per the partnership act, if there is no partner agreement regarding rate of interest on loan, it is provided at 6% p.a Amount loan = 8,000
period ( from october 01 to march 31) = 6 months
2. Calculation of profit share of each partne
In the absence of partnrship deed profits of a firm are distributed equally amount all the partners.profit after interest on A's loan =Rs.15000-240=14,760