Neena and Sara were partners in a firm with fixed capitals of ₹ 5,00,000 and ₹ 4,00,000 respectively. It was discovered that interest on capital @ 6% p.a
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A, B and C are partners. Their fixed capitals as on 31st March, 2024 were A ₹ 2,00,000, B ₹ 3,00,000 and C ₹ 4,00,000. Profits for the year ended 31st March, 2024 amounting to ₹ 1,80,000 were distributed
Case – (a) Case – (b) Case – (c) Case – (d)
P and Q were partners in a firm sharing profits in 7 : 3 ratio. Their fixed capitals were P ₹ 5,00,000 and Q ₹ 8,00,000. For the year ended 31st March, 2024, interest on capital was credited @ 12% instead of 10%
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Raja, Roopa and Mala sharing profits and losses equally have fixed capitals of ₹ 12,00,000, ₹ 9,00,000 and ₹ 6,00,000 respectively
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Arun and Arora were partners in a firm sharing profits in the ratio of 5 : 3. Their fixed capitals on 1.4.2023 were : Arun ₹ 60,000 and Arora ₹ 80,000
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X, Y and Z contribute ₹ 3,00,000, ₹ 2,00,000 and ₹ 1,00,000 respectively by way of capital on which they agree to allow interest at 12% p.a
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Charu and Suruchi are partners in a firm. Suruchi withdrew ₹ 12,000 in the beginning of each quarter and interest on drawings
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Era, a partner withdrew ₹ 40,000 per month for her personal use from the firm in the beginning of each month
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Seema and Tina are partners in a firm. Interest on drawings is charged @ 10% p.a. You are required to calculate the amount of drawings of each partner in the following cases
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Calculate the interest on Drawings of Garmia @ 9% p.a., if she withdrew ₹ 4,000 p.m. for six months ending 31st March, 2024
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