CA CPT Dec 2015 Question Paper Fundamentals of Accounting for online practice

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Question : 51 of 59
 
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X,Y and Z are partnership. There is not partnership deed to this context. Y advanced a loan of Rs.80,000 to firm and demanded interest @12%p.a. X who is active partner demanded half share inprofits. Profit before above adjustments was Rs. 6000.The share of profits is
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