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Partnership

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(Querist)
30 April 2012 Hi, Below some tipical problem i've have which need solution for this

A & B Partner to buy and sell property. A invested 25K to buy property worth of 75L and balance amount will be arranged through bank loan.

Now A& B pay EMI amount of 54K out of which B pay his option of 20K .

A& B decided to sell this property at value of 1.25C .

1. What is profit A&B get after selling property

2. Assume loan will paid through of from sale value (outstanding balance is 40L)

Can you some please help on this?

Regards

Venkat
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
11 May 2012 Profit will be Rs. 50 lakhs which shall be shared by A & B as per their profit sharing ratio.
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