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प्रश्न
On 1.4.2013 Mohan and Sohan entered into a partnership for doing a business of dry fruits. Mohan introduced Rs 1,00,000 as capital and Sohan introduced Rs 50,000. Since Sohan could introduce only Rs 50,000 it was further agreed that as and when there will be a need Sohan will introduce further capital. Sohan was also allowed to withdraw from his capital when the need for the capital was less. During the year ended 31.3.2014, Sohan introduced and withdrew the following amounts of capital:
| Date | Capital Introduced | Capital Withdrawn |
| 01.5.2013 | 10,000 | - |
| 30.6.2013 | - | 5,000 |
| 30.9.2013 | 97,000 | - |
| 01.2.2014 | - | 87,000 |
The Partnership deed provided for interest on capital @ 6% per annum. Calculate interest on capitals of the partners
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उत्तर
Interest on Mohan’s Capital = 6,000
Interest on Sohan’s Capital = 5,365
Working notes:
WN 1: Calculation of Interest on Mohan’s Capital
`100000 xx 6/100 = 6000`
| During 2013 | Capital Balances | Months remained in the business |
Product = Column 2 x Column 3 |
| From Apr.01 to Apr 30 |
50,000 | 1 | `50000xx 6/100 xx 1/12 = 250` |
| From May 01 to June 30 |
60000 | 2 | `60000 xx 6/100 xx 2/12 = 600` |
| From July 01 to Sept 30 |
55,000 | 3 | `55000 xx 6/100 xx 3/12 = 825` |
| From Oct.01 to Jan 31 |
1,52,000 | 4 | `152000 xx 6/100 xx 4/12 = 3040` |
| From Feb 01 to Mar 31 |
65000 | 5 | `65000 xx 6/100 xx 2/12 = 650` |
| Total Interest on Capital | Rs 5,365 | ||
