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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drawings is to be charged @ 10% p.a. Calculate interest on Menon’s drawings for the year 2006, assuming that money is withdrawn: (i) in the beginning of every month, (ii) in the middle of every month, and (iii) at the end of every month.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 1,300
Thomas’s = 24,000 × `10/100 xx 13/[2 xx 12]` = Rs 1,300
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 1,200
Thomas’s = 24,000 × `10/100 xx 6/12` = Rs 1,200
Case (iii)
If they withdraw at the end of every month.
Interest on drawings = Total drawings × `"Rate"/100` x `11/[2 xx 12]`
Menon’s = 24,000 × `10/100` x `11/[2 xx 12]` = Rs 1,100
Thomas’s = 24,000 × `10/100` x `11/[2 xx 12]` = Rs 1,100
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|
Liabilities |
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Assets |
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|
Mannu’s Capital |
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|
Shristhi’s Capital |
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Rs |
|
|
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|
|
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|
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|
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|
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What will the amount of interest on drawings of the partners?
