# Q. 19. $A$ and $B$ are partners sharing profits and loss in the ratio of their capitals which were $₹ 6,00,000$ and $₹ 4,00,000$ respectively on 1 st April 2018. The partnership deed provides that: (i) Both partners will get monthly salary of ₹ 20,000 each; (ii) Interest on capital will be allowed @ 8\% p.a.; (iii) $A$ will get a quarterly rent of $₹ 24,000$ for the use of his property by the firm. On Ist July, $2018 A$ and $B$ granted loans of $₹ 1,00,000$ and $₹ 50,000$ respectively to the firm. During the year ended 31st March 2019, the firm incurred a loss of $₹ 17,250$ before any adjustment is made as per partnership deed. Prepare an account showing the distribution of profit/loss.

Q. 19. $A$ and $B$ are partners sharing profits and loss in the ratio of their capitals which were $₹ 6,00,000$ and $₹ 4,00,000$ respectively on 1 st April 2018. The partnership deed provides that: (i) Both partners will get monthly salary of ₹ 20,000 each; (ii) Interest on capital will be allowed @ 8\% p.a.; (iii) $A$ will get a quarterly rent of $₹ 24,000$ for the use of his property by the firm. On Ist July, $2018 A$ and $B$ granted loans of $₹ 1,00,000$ and $₹ 50,000$ respectively to the firm. During the year ended 31st March 2019, the firm incurred a loss of $₹ 17,250$ before any adjustment is made as per partnership deed. Prepare an account showing the distribution of profit/loss.