Ques.5 

SOLUTION :-
                   In the absence of Partnership Deed interest on partner's loan to firm is allowed @ 6% p.a. and profits/losses are shared equally by the partners.

So, Interest on A's loan =
      8000 × 6/100 × 6/12 (for six months) 
                      =    rs.240 

Distributable Profit = 15000 – 240 
                                   =  rs.14,760

Now, A's share of Profit = 14,760 × 1/2 
                                      =   rs.7,380
      B's share of Profit = 14,760 × 1/2 
                                      =   rs.7,380
                                                
Hence,  A and B each gets rs.7,380 as profit and A gets rs. 240 as interest on loan.

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