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प्रश्न
Raj and Neeraj are partners in a firm. Their capitals as on April 01, 2017 were Rs 2,50,000 and Rs 1,50,000, respectively. They share profits equally. On July 01, 2017, 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, 2018.
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उत्तर
Interest on Capital
Raj
|
|
Capital × Period |
Product |
|
1 April 2017 to 30 June 2017 |
2,50,000 × 3 = |
7,50,000 |
|
1 July 2017 to 31 March 2018 |
1,00,000 × 9 = |
9,00,000 |
|
|
Sum of Product |
16,50,000 |
Interest = Sum of Product × `"Rate"/100` x `1/12`
= 16,50,000 × `8/100` x `1/12`
= Rs 11,000
Neeraj
|
|
Capital × Period |
Product |
|
1 April 2017 to 30 June 2017 |
1,50,000 × 3 = |
4,50,000 |
|
1 July 2017 to 31 March 2018 |
1,00,000 × 9 = |
9,00,000 |
|
|
Sum of Product |
13,50,000 |
Interest = 13,50,000 × `8/100` x `1/12` = Rs 9,000
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|
|
Sukesh (Rs) |
Verma* (Rs) |
|
Capital Accounts |
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|
Current Accounts |
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|
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|
Liabilities |
Amount (Rs.) |
Amount (Rs.) |
Assets |
Amount (Rs.) |
Amount (Rs.) |
|
Mannu’s Capital |
30,000 |
40,000 | Drawings: | 6,000 | |
|
Shristhi’s Capital |
10,000 |
Mannu | 4,000 | ||
| Shristhi | 2,000 | ||||
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|
|
Rs |
|
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|
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|
June 30 |
4,000 |
|
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12,000 |
|
December 31 |
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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 |
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|
|
January 31, 2017 |
300 |
|
|
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|
Rohan |
At the beginning of each month |
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|
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|
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What will the amount of interest on drawings of the partners?
