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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drawings is to be charged @ 10% p.a. Calculate interest on Menon’s drawings for the year 2006, assuming that money is withdrawn:
- at the beginning of every month,
- at the middle of every month, and
- 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" 1300`
Thomas’s = `24,000 × 10/100 xx 13/ (2xx12) = "Rs" 1300`
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" 1200`
Thomas’s = `24,000 × 10/100 xx 6/12 = "Rs" 1200`
Case (iii)
If they withdraw at the end of every month.
Interest on drawings = `"Total drawings" × "Rate"/100 xx 11/(2 xx 12)`
Menon’s = `24,000 × 10/100 xx 11/(2 xx 12) = "Rs" 1100`
Thomas’s = `24,000 × 10/100 xx 11/(2 xx 12) = "Rs" 1100`
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|
|
Sukesh (Rs) |
Verma* (Rs) |
|
Capital Accounts |
40,000 |
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|
Current Accounts |
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|
Drawings |
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|
Liabilities |
Amount (Rs.) |
Amount (Rs.) |
Assets |
Amount (Rs.) |
Amount (Rs.) |
|
Mannu’s Capital |
30,000 |
40,000 | Drawings: | 6,000 | |
|
Shristhi’s Capital |
10,000 |
Mannu | 4,000 | ||
| Shristhi | 2,000 | ||||
| Other Assets | 34,000 | ||||
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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 |
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|
|
January 31, 2017 |
300 |
|
|
March 01, 2017 |
700 |
|
Rohan |
At the beginning of each month |
400 |
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|
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