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X and Y are partners sharing …

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X and Y are partners sharing profit and loss in the ratio 3:2 their capital on1 April 2013 were rs 100000 and 80000 on 1 july 2013 X introduce rs 2000 only find out interest on capital for both the partners @ 10%p.a. on 31 march 2014

    • Posted by Aaryan Dhamija 4 years ago

    CBSE > Class 12 > Accountancy
    • 1 answers

    Namrata Rathi 4 years ago

    Interest on capital x was 10000 and y was 8000

    2Thank You

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    • Posted by Chhavi Jain 1 day, 8 hours ago

    CBSE > Class 12 > Accountancy
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    • Posted by Vansh Sharma 1 week, 3 days ago

    CBSE > Class 12 > Accountancy
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    • Posted by Himalaya Singhal 1 week ago

    CBSE > Class 12 > Accountancy
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    On 1st April, 2015 X, y and X started a business in partnership. X contribute rupees 90,000 at first but withdraws rupees 30,000at the end of six months. Y introduces rupees 75,000 at first and increases it to rupees 90,000 at the end of four months, but withdraws it by rupee 60,000 at end of seven months. During the year ended 31st March 2016, they make a net profit of rupees 42,000. Show how the partners should divided this amount on the basis of effective capital employed by each partner.

    • Posted by Sushant Kamboz. 2 days, 4 hours ago

    CBSE > Class 12 > Accountancy
    • 0 answers
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    Posted by Prachi Yadav 6 hours ago

    CBSE > Class 12 > Accountancy
    • 0 answers
    (Interest on capital when closing capital is given) A and B are partners sharing profits and losses in the ratio 4: 3. Their capital on 31st December, 2022 were 3,00,000 and 2,00,000 respectively. During the year, their drawings were 50,000 each. The firm earned profit amounting to 70,000 for the year ending 31st December, 2021. Later on they decided that interest on their capital be charged at 10% p.a. Compute interest on Capital.

    • Posted by Saksham Aryan 1 week, 1 day ago

    CBSE > Class 12 > Accountancy
    • 0 answers
    Dev with true rupees 10 10000 on 15th day of every month interest on drawing was be changed a 12% per annum calculate interest on their string

    • Posted by Tanya Chaudhary 1 week, 5 days ago

    CBSE > Class 12 > Accountancy
    • 0 answers
    Dev withdrew rs.10000 of 15th day of every month.

    • Posted by Tanya Chaudhary 1 week, 5 days ago

    CBSE > Class 12 > Accountancy
    • 0 answers
    Calculate the interest on drawings of X @ 10% p.a. for the year ended 31st March, 2018 in each of the following cases:- 1. If his drawings during the year were Rs. 12,000 2. If he withdrew Rs. 1,000 p.m. at the beginning of every month. 3. If he withdrew Rs. 1,000 p.m. at the end of every month. 4. If he withdrew Rs. 1,000 p.m. In the middle of each month. 5. In he withdrew the following amounts; April 30th Rs. 3,000, June 30th Rs. 2,000, October 1st Rs. 4,000, December 31st Rs. 1,500, February 1st 2,500 6. If he withdrew Rs. 3,000 at the beginning of each quarter 7. If he withdrew Rs. 3,000 at the end of each quarter. 8. If he withdrew Rs. 3,000 during the middle of each quarter.

    • Posted by Soniya Yadav 1 day, 16 hours ago

    CBSE > Class 12 > Accountancy
    • 0 answers
    Madhuri and Arsh were partners in a firm sharing profits and Their Balance Sheet as at 31 ^ (st) * M * a * r * c * h 2019, was as follows: losses in the ratio of 3: 1. Balance Sheet of Madhuri and Arsh As on 31 ^ (st) March, 2019 4 Assets Amount (3) Liabilities Amount () 4,70,000 1,10,000 Capital Madhuri Arsh 1,20,000 2,00.000 Machinery Investments 5,00,000 Debtors Less: Provision for doubtful 60,000 debts Workmen's Compensation Fund (10,000) 1,10,000 Creditors Employees' Provident Fund 1,90,000 Stock 1,10,000 8,60,000 Cash 1,40,000 30,000 8,60,000 On 1 ^ (st) April, 2019, they admitted Jyoti into partnership for 1 / (4 ^ (th)) share in the profits of the firm. Jyoti brought proportionate capital and 40,000 as her share of goodwill premium. The following terms were agreed upon; (i) Provision for doubtful debts was to be maintained at 10% on debtors. (ii) Stock was undervalued by 10,000. (iii) An old customer whose account was written off as bad, paid 15,000.. (iv) 20% of the investments were taken over by Arsh at book value. (v) Claim on account of workmen's compensation amounted to 70,000. (vi) Creditors included a sum of 27,000 which was not likely to be claimed. Prepare Revaluation Account, Partners' Capital Accounts and the Balance Sheet of the reconstituted firm

    • Posted by Pozhil Veer 1 week, 1 day ago

    CBSE > Class 12 > Accountancy
    • 0 answers

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