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https://ask.commerceschool.in/questions/question/lalan-and-balan-were-partners-in-a-firm-sharing-profits-in-the-ratio-of-32-their-fixed-capital-on-1st-april-2022-was-lalan-%e2%82%b9-1000000-and-balan-%e2%82%b9-2000000-they-agreed-to-allow-in/
Lalan and Balan were partners in a firm sharing profits in the ratio of 3:2. Their fixed capital on 1st April 2022 was: Lalan ₹ 10,00,000 and Balan ₹ 20,00,000. They agreed to allow interest on capital @ 12% p.a. and to charge on drawings @ 15% pa.
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