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प्रश्न
Read the following hypothetical situation and answer the following question on its basis:
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Rudra, Dev and Shiv were partners in a firm sharing profits in the ratio of 5 : 3 : 2. Their fixed capitals were ₹ 6,00,000, ₹ 4,00,000, and ₹ 2,00,000, respectively. Besides his capital, Shiv had given a loan of ₹ 75,000 to the firm. Their partnership deed provided for the following:
During the year, Rudra withdrew ₹ 50,000 at the end of each quarter; Dev withdrew ₹ 50,000 in the beginning of each half year; and Shiv withdrew ₹ 70,000 at the end of each half year. The profit of the firm for the year ended 31-3-2022 before allowing interest on Shiv’s loan was ₹ 7,06,750. |
How much amount of net profit will be transferred to the Profit and Loss Appropriation A/c?
पर्याय
₹ 7,06,750
₹ 7,02,250
₹ 7,00,000
₹ 7,13,000
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उत्तर
₹ 7,00,000
Explanation:
Interest on Shiv’s loan is to be considered a charge against profits and thus to be shown in the profit and loss A/c.
Interest on Shiv’s loan = `75,000 xx 9/100`
= ₹ 6,750
Profit to be transferred to Profit and Loss Appropriation A/c = ₹ 7,06,750 − 6,750
= ₹ 7,00,000
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|
|
Rs |
|
February 01 |
4,000 |
|
May 01 |
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|
June 30 |
4,000 |
|
October 31 |
12,000 |
|
December 31 |
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Rakesh |
Month |
Rs. |
|
|
May 31, 2019 |
600 |
|
|
June 30, 2019 |
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|
|
August 31, 2019 |
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|
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|
December 31, 2019 |
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|
|
January 31, 2020 |
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|
|
March 01, 2020 |
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|
Rohan |
At the beginning of each month |
400 |
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|
Rudra, Dev and Shiv were partners in a firm sharing profits in the ratio of 5 : 3 : 2. Their fixed capitals were ₹ 6,00,000, ₹ 4,00,000, and ₹ 2,00,000, respectively. Besides his capital, Shiv had given a loan of ₹ 75,000 to the firm. Their partnership deed provided for the following:
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|
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| Particulars | (₹) | Particulars | (₹) |
| To Interest on Capital | By Profit & loss account (After manager’s commission) | ___(2)___ | |
| Richa | ______ | ||
| Anmol | ______ | ||
| To Anmol’s Salary a/c | 12,500 | ||
| To Profit transferred to: | |||
| Richa’s Capital A/C (1) | ___(1)___ | ||
| Anmol’s Capital A/c | ______ | ||
| ______ | ______ |
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