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Ratio of investment Ajju and Ballu =30000:20000=3:2 Let the total Profit =100 unit. Share of Ajju and Ballu in 80% Profit when distributed equally– Ajju =40, Ballu =40. And shares of remaining 20% profit in ratio of 3:2 – Ajju =12 Ballu =8. Now total shares of Ajju =40+12 =52 unit. Total shares of Ballu =40+8 =48 unit. ATQ- 4 units =4000 I unit =1000 Then Profit =100×1000=100000. Share of Ajju =52unit =52000. Share of Ballu = 48 unit =48000.
At the end of last year, Max Ltd’s assets and liabilities are:
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Bonds payable =...
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