question_answer

A and B entered into partnership on 15 November 2020 without any partnership deed. They introduced capitals of Rs.5,00,000 and Rs.3,00,000 respectively. On 15 December 2020, A advanced Rs.2,00,000 by way of loan to the firm without any agreement as to interest. On 1st January 2021 firm give a loan of Rs.40,000 to B. The Profit and Loss Account for the year ended 31.3.2021 showed a profit of Rs.2,00,000 before providing for the above. B's share of profit will be:                                                                                                 [CBSE 2019 C Modified]

A) 1,00,000 

B) 75,000

C) 99,750 

D) 98,250