# Question 40 Chapter 2 – Unimax Class 12 Part 1 – 2021

Question 41 Chapter 2 – Unimax Class 12 Part 1

On 1st April, 2021 A, B and C start a business in partnership. A puts in 30,000 in first but withdraws 10.000 at the end of six months. B introduces 25,000 at first and increases it to 55.000 at end of four months but withdraws 10,000 at end of eight months. C brings ₹ 25,000 at first but increase it by 20.000 at the end of seven months. During the year ended 31st st March. 2022, they make a net profit of 36,000. Show how the partners should divided this amount on the basis of effective capital employed by each partner.

## The solution of Question 41 Chapter 2 – Unimax Class 12 Part 1:

 A’s Capital Months for which the capital has been used In business Product (₹) Capitals (₹) 30,000 6 1,80,000 20,000 6 1,20,000 Total Capital 3,00,000 B’s Capital 25,000 4 1,00,000 55,000 4 2,20,000 45,000 4 1,80,000 Total Capital 5,00,000 C’s Capital 25,000 7 1,75,000 45,000 5 2,25,000 Total Capital 4,00,000
 Capital Ratio of A, B and C A : B : C 3,00,000 : 5,00,000 : 4,00,000 3 : 5 : 4

PROFIT AND LOSS APPROPRIATION A/C FOR THE YEAR ENDED

 Particulars ₹ Particulars ₹ To Profit transferred to capital A/c A 9,000 By Net Profit 36,000 B 15,000 C 12,000 36,000 36,000 36,000

What is Partnership – Meaning and Its 4 Types

Unimax Advanced Accountancy – II Part – 1 (Accounting for Not-for-Profit Organizations and Partnership Firms)