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प्रश्न
A, B and C are partners, their partnership deed provides for interest on drawings at 8% per annum. B withdrew a fixed amount in the middle of every month, and his interest on drawings amounted to ₹ 4,800 at the end of the year. What was the amount of his monthly drawings?
पर्याय
₹ 10,000
₹ 5,000
₹ 1,20,000
₹ 48,000
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उत्तर
₹ 10,000
Explanation:
Interest on Drawings = `"Total Drawings" xx "Rate"/100 xx 6/12`
4,800 = `"Total Drawings" xx 8/100 xx 6/12`
Total Drawings = `(4,800 xx 100 xx 12)/(8 xx 6)`
= `(57,60,000)/48`
= 1,20,000
The amount of monthly drawings is determined by dividing the total drawings by the number of months in a year.
Monthly Drawings = `"Total Drawings"/12`
= `(1,20,000)/12`
= 10,000
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संबंधित प्रश्न
Define Partnership Deed.
Choose the Correct Answer.
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The document which contains the terms of the agreement of partnership is called ______.
Consider the following statement.
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Statement 2: "Interest can be allowed when it is expressly agreed to by the partners".
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Partners share profit & losses in ______ ratio in the absense of partnership deed.
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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. |
How much amount of net profit will be transferred to Profit and Loss Appropriation A/c?
