Amrit and Kamal started business on 1st April, 2023 with capitals of ₹ 10,00,000 and ₹ 5,00,000 respectively. Kamal withdrew ₹ 12,000 in the middle of each month
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Firoz and Asim started business on 1st June, 2023 with capitals of ₹ 5,00,000 and ₹ 2,50,000 respectively. Firoz withdrew ₹ 12,000 at the end of each month
Solution:- Note:- As the partnership firm started on 1st June, there are only 10 drawings made by Firoz up to 31st March. Calculation of Average Months. Months remaining after 1st Drawings (after 30th June) + Months remaining after last drawing…
Pawan and Param started business on 1st July, 2023 with capitals of ₹ 3,00,000 and ₹ 2,00,000 respectively. Pawan withdrew ₹ 18,000 per quarter at the end
Solution:- Note:- As the partnership starts on 1st July. there are only 3 quarters up to 31st March. 1st July – 30th September 1st October – 31st December 1st January – 31st March The average Months Period would be Months…
Raman and Karan are in partnership from 1st April, 2023 with capitals of ₹ 10,00,000 each. Raman withdrew equal amount at the middle of every month starting
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Raj and Kiran are in partnership from 1st June, 2023 with capitals of ₹ 6,00,000 and ₹ 4,00,000 respectively. Raj withdrew same amount in the beginning of
Solution:- Note:- As the partnership firm started from 1st July. there are only 9 withdrawals up to 31st March. Calculation of Average Months Months remaining after 1st Drawings (after 1st July) + Months remaining after last drawings (after 1st March)/2…
Ramesh and Pradeep are in partnership from 1st July, 2023 with capitals, Ramesh ₹ 3,00,000 and Pradeep ₹ 2,00,000
Solution:- Note:- As the partnership starts on 1st July. there are only 3 quarters up to 31st March. 1st July – 30th September 1st October – 31st December 1st January – 31st March The average Months Period would be Months…
Amar and Nimrat are partners in a firm, Amar withdraws ₹ 5,000 in the beginning of the month starting from 1st April, 2023 for 6 months
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Ranjan and Pankaj are partners having balances in current accounts as on 1st April, 2023 as Ranjan ₹ 3,00,000 and Pankaj as ₹ 2,00,000 (Debit)
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Amrik and Avtar are partners having capitals as on 1st April, 2023 as Amrik – ₹ 2,40,000 and Avtar as ₹ 1,20,000 (Debit). On 1st September
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Arun and Barun started business on 1st April, 2023. From the following Balance Sheet of Arun and Barun and Additional information, Calculate interest on capital @ 6% p.a
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