Calculate the interest on Drawings of Charulata @ 9% p.a for the year ended 31st March, 2024, if she withdrew ₹ 10,000 each quarter
Solution:-
Commerce School
Student Community
Archives Answers
Answer
Calculate the interest on Drawings of Bipasa @ 9% p.a. for the year ended 31st March 2024, if she withdrew ₹ 10,000 at the end of each quarter
Solution:-
Calculate the interest on Drawings of Anuradha @ 9% p.a. for the year ended 31st March 2024, if she withdrew ₹ 10,000 in the beginning of each quarter
Solution:-
Calculate the interest on Drawings of Tarun @ 8% p.a. for the year ended 31st March, 2024 in each of the following alternative cases
Solution:-
A and B are partners in a firm. A is to get a commission of 10% of net profit before charging any commission. B is to get a commission of 10% on net profit after charging all commissions
Solution:-
Tulsi and Kabir are partners sharing profits in proportion of 3 : 2 with capitals of ₹ 8,00,000 and ₹ 6,00,000 respectively. Interest on capitals is agreed at 6% p.a
Solution:-
X, Y and Z are in the partnership and on 1st April, 2023, their respective capitals were ₹ 2,00,000; ₹ 1,20,000 and ₹ 1,00,000. Y is entitled to a salary of ₹ 25,000 and Z ₹ 20,000 per annum
Solution:-
A, B and C were partners in a firm having capitals of ₹ 1,00,000; ₹ 1,00,000 and ₹ 2,00,000 respectively. According to the partnership deed the partners were entitled to interest on capital @ 6% p.a
Solution:-
Pappu and Munna are partners in a firm sharing profits in the ratio of 3 : 2. The partnership deed provided that Pappu was to be paid salary of ₹ 2,500 per month
Solution:-
Simmi and Sonu are partners in a firm, sharing profits and losses in the ratio of 3 : 1. The profit and loss account of the firm for the year ending March 31, 2024 shows a net profit of ₹ 1,50,000
Solution:-