Sohan and Mohan are partners sharing profits and losses in the ratio of 2:3 with capitals of ₹ 5,00,00 and ₹ 6,00,000 respectively. On 1st January 2022, Sohan and Mohan granted loans of ₹ 20,000 and ₹ 10,000 respectively to the firm.
Sohan and Mohan are partners sharing profits and losses in the ratio of 2:3 with capitals of ₹ 5,00,00 and ₹ 6,00,000 respectively. On 1st January 2022, Sohan and Mohan granted loans of ₹ 20,000 and ₹ 10,000 respectively to the firm. Determine the amount of loss to be borne by each partner for the year ended 31st March 2022 if the loss before interest for the year amounted to ₹ 2,500.
a) Share of Loss: Sohan – ₹ 1,250; Mohan – ₹ 1,250
b) Share of Loss: Sohan – ₹ 1,000; Mohan – ₹1,500
c) Share of Loss: Sohan – ₹ 820; Mohan – ₹ 1,230
d) Share of Loss: Sohan – ₹ 1,180: Mohan – ₹ 1,770
Anurag Pathak Changed status to publish April 9, 2023
