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प्रश्न
Menon and Thomas are partners in a firm. They share profits equally. Their monthly drawings are Rs 2,000 each. Interest on drawings is to be charged @ 10% p.a. Calculate interest on Menon’s drawings for the year 2006, assuming that money is withdrawn: (i) in the beginning of every month, (ii) in the middle of every month, and (iii) at the end of every month.
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उत्तर
Case (i)
If they withdraw money in the beginning of each month
Interest of drawings = Total drawings × Rate × `13/[2 xx 12]`
Menon’s = 24,000 × `10/100 xx 13/[2 xx 12]` = Rs 1,300
Thomas’s = 24,000 × `10/100 xx 13/[2 xx 12]` = Rs 1,300
Case (ii)
If they withdraw in the middle of every month
Interest on Drawings = Total drawings × `10/100 xx 6/12`
Menon’s = 24,000 × `10/100 xx 6/12` = Rs 1,200
Thomas’s = 24,000 × `10/100 xx 6/12` = Rs 1,200
Case (iii)
If they withdraw at the end of every month.
Interest on drawings = Total drawings × `"Rate"/100` x `11/[2 xx 12]`
Menon’s = 24,000 × `10/100` x `11/[2 xx 12]` = Rs 1,100
Thomas’s = 24,000 × `10/100` x `11/[2 xx 12]` = Rs 1,100
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|
Rakesh |
Month |
Rs. |
|
|
May 31, 2019 |
600 |
|
|
June 30, 2019 |
500 |
|
|
August 31, 2019 |
1,000 |
|
|
November 1, 2019 |
400 |
|
|
December 31, 2019 |
1,500 |
|
|
January 31, 2020 |
300 |
|
|
March 01, 2020 |
700 |
|
Rohan |
At the beginning of each month |
400 |
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|
Sukesh |
Verma |
|
| Capital Accounts |
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40,000 |
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|
Rakesh |
Month |
Rs |
|
|
May 31, 2016 |
600 |
|
|
June 30, 2016 |
500 |
|
|
August 31, 2016 |
1,000 |
|
|
November 1, 2016 |
400 |
|
|
December 31, 2016 |
1,500 |
|
|
January 31, 2017 |
300 |
|
|
March 01, 2017 |
700 |
|
Rohan |
At the beginning of each month |
400 |
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|
|
Rs |
|
February 01 |
4,000 |
|
May 01 |
10,000 |
|
June 30 |
4,000 |
|
October 31 |
12,000 |
|
December 31 |
4,000 |
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| S. No. | Particulars | Amount (₹) |
| 1. | Gain on sale of fixed tangible assets | 12,50,000 |
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| S. No. | Particulars | Amount (₹) |
| 1. | Gain on sale of fixed tangible assets | 12,50,000 |
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| 3. | Transfer to General Reserve | 8,75,000 |
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