A & B are partners started partnership on 1st April,2021 sharing profit and losses in ratio of 2:3 with capitals of ₹200000 and ₹100000 respectively. After 6 months of partnership both partners gave loan to the firm of A- ₹400000 and B-₹200000. Determine the profit for the year ended 31st March,2022 if profit before interest is ₹15000?

₹3000 loss

The partnership deed is silent so Interest on capital is not provided and interest on loan will be provided @ 6% p.a. for 6months.
So, interest on loan of A is 400000*6/100*6/12 =₹12000, and interest on loan of B is 200000*6/12*6/100 =₹6000.
Total interest on loan is ₹ 18000 whereas profit for the year is ₹15000 means the firm will result in a loss of ₹3000.