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प्रश्न
| Ananya and Mukti are partners in a firm. On 1st April, 2023 their fixed Capitals were ₹ 6,00,000 and ₹ 4,00,000 respectively. On Ist January, 2024, Ananya granted a loan of ₹ 2,00,000 to the firm. Mukti had allowed the firm to use her property for business for a monthly rent of ₹ 15,000. The partnership deed provides that interest on capital will be allowed @ 8% p.a. and Mukti is to be allowed a salary of ₹ 10,000 per month. The firm earned a profit of ₹ 63,000 for the year ended 31st March 2024 before any of the above adjustment is made. |
Based on the above information you are required to answer the following question:
Which of the following is charge against profit?
पर्याय
Rent Payable to Mukti
Interest on Ananya's Loan
Salary Payable to Mukti
Interest on Capital
MCQ
रिकाम्या जागा भरा
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उत्तर
Rent Payable to Mukti and Interest on Ananya's Loan
Explanation:
Rent and interest on the partner's loan are charges against profit (debited to the P&L Account). Interest on Ananya's Loan is also a charge against profit.
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