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प्रश्न
Raj and Neeraj are partners in a firm. Their capitals as on April 01, 2019 were Rs 2,50,000 and Rs 1,50,000, respectively. They share profits equally. On July 01, 2019, they decided that their capitals should be Rs 1,00,000 each. The necessary adjustment in the capitals were made by introducing or withdrawing cash by the partners’. Interest on capital is allowed @ 8% p.a. Compute interest on capital for both the partners for the year ending on March 31, 2020.
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उत्तर
Interest on Capital
Raj
|
|
Capital × Period |
Product |
|
1 April 2019 to 30 June 2019 |
2,50,000 × 3 = |
7,50,000 |
|
1 July 2019 to 31 March 2020 |
1,00,000 × 9 = |
9,00,000 |
|
|
Sum of Product |
16,50,000 |
Interest = `"Sum of Product" × "Rate" /100 xx 1/12`
`= 1650000 xx 8/100 xx 1/12`
`= "Rs" 11000`
Neeraj
|
|
Capital × Period |
Product |
|
1 April 2019 to 30 June 2019 |
1,50,000 × 3 = |
4,50,000 |
|
1 July 2019 to 31 March 2020 |
1,00,000 × 9 = |
9,00,000 |
|
|
Sum of Product |
13,50,000 |
Interest = `13,50,000 × 8/100 xx 1/12 = "Rs" 9000`
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संबंधित प्रश्न
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| July 31, 2019 | Rs 6000 |
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|
Sukesh |
Verma |
|
| Capital Accounts |
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40,000 |
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| Drawings (Cr.) | 10,850 | 8,150 |
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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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Read the following information and answer the given question:
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| 1. | Gain on sale of fixed tangible assets | 12,50,000 |
| 2. | Goodwill written off | 7,80,000 |
| 3. | Transfer to General Reserve | 8,75,000 |
| 4. | Provision for taxation | 4,37,500 |
Additional information:
| Particulars | 31.3.2020 (₹) | 31.3.2019 (₹) |
| Prepaid Expenses | 7,50,000 | 5,00,000 |
| Inventory | 10,50,000 | 8,20,000 |
| Trade Payable | 4,50,000 | 3,50,000 |
| Trade Receivables | 6,20,000 | 5,90,000 |
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What will be the interest on capital for C @ 6% p.a for A, B and C who have invested ₹ 15,000, ₹ 25,000 and ₹ 30,000 and share profits in the ratio 1 : 2 : 3?
|
Rudra, Dev and Shiv were partners in a firm sharing profits in the ratio of 5 : 3 : 2. Their fixed capitals were ₹ 6,00,000, ₹ 4,00,000 and ₹ 2,00,000 respectively. Besides his capital Shiv had given a loan of ₹ 75,000 to the firm. Their partnership deed provided for the following:
During the year Rudra withdrew ₹ 50,000 at the end of each quarter; Dev withdrew ₹ 50,000 in the beginning of each half year and Shiv withdrew ₹ 70,000 at the end of each half year. The profit of the firm for the year ended 31-3-2022 before allowing interest on Shiv's loan was ₹ 7,06,750. |
What will the amount of interest on drawings of the partners?
