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प्रश्न
| P and Q are partners with profit sharing ratio of 2 : 3 with fixed capitals of ₹ 5,00,000 and ₹ 8,00,000 respectively. On 1st June 2023, P and Q granted loans of ₹ 2,00,000 and ₹ 1,00,000 respectively to the firm. Books of the firm are closed on 31st March 2024. |
You are required to answer the following question:
If the profit before interest on loan for the year amounted to ₹ 6,000, the interest allowed on loan by P will be ______.
पर्याय
₹ 10,000
₹ 9,000
₹ 6,000
₹ 12,000
MCQ
रिकाम्या जागा भरा
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उत्तर
If the profit before interest on loan for the year amounted to ₹ 6,000, the interest allowed on loan by P will be ₹ 10,000.
Explanation:
Since interest on a partner's loan is deducted from earnings, full interest will be allowed even in the event of low profits.
shaalaa.com
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