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प्रश्न
Rubika and Neha are partners in a firm sharing profits and losses in the ratio of 3 : 2. According to partnership deed:
(i) Rubika and Neha to get salary of ₹ 4,500 p.m. and ₹ 9,000 per quarter respectively.
(ii) Interest on capital: Rubika: ₹ 72,000
Neha: ₹ 36,000
(iii) Interest on drawings: Rubika: ₹ 2,500
Neha: ₹ 4,500
Rubika had advanced a loan of ₹ 2,00,000 to the firm on 1st April, 2025. The profit earned by the firm was ₹ 1,37,000 before considering the interest on Rubika’s loan.
Prepare Profit & Loss Appropriation Account for the year ended 31st March 2026.
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उत्तर
| Dr. | Profit & Loss Appropriation Account For the year ended 31st March, 2026 |
Cr. | |
|---|---|---|---|
| Particulars | Amount (₹) | Particulars | Amount (₹) |
| To Partner’s Capital Accounts | By Net Profit b/d (₹ 1,37,000 - ₹ 12,000) | 1,25,000 | |
| (Appropriation of profit in 7:4 ratio): | By Interest on Drawings: | ||
| Rubika | 84,000 | Rubika: 2,500 | |
| Neha | 48,000 | Neha: 4,500 | 7,000 |
| Total | 1,32,000 | Total | 1,32,000 |
Working Notes:
1. Net Profit for Appropriation
Interest on a partner’s loan is a charge against profit (6% p.a. default rate):
Loan Interest: \[₹2,00,000 \times 6\% = {₹12,000}\]
Adjusted Net Profit: $₹1,37,000 - ₹12,000 = {₹1,25,000}$
2. Total Available Amount
$\text{Adjusted Net Profit } (₹1,25,000) + \text{Interest on Drawings } (₹2,500 + ₹4,500) = {₹1,32,000}$
3. Claim Ratio (Due to Insufficient Profits)
Since the total amount due (₹1,98,000) is greater than the available amount (₹1,32,000), profits are divided in the ratio of their actual claims:
Rubika's Claim: Salary $(₹4,500 \times 12) + \text{IOC } (₹72,000) = {₹1,26,000}$
Neha's Claim: Salary $(₹9,000 \times 4) + \text{IOC } (₹36,000) = {₹72,000}$
Ratio: $₹1,26,000 : ₹72,000 = {7 : 4}$
4. Profit Distribution
Rubika: $₹1,32,000 \times \frac{7}{11} = {₹84,000}$
Neha: $₹1,32,000 \times \frac{4}{11} = {₹48,000}$
