Question 46 Chapter 2 of Class 12 Part - 1 VK Publication

Question 46 Chapter 2 of Class 12 Part – 1

Table of Contents

The solution of Question 46 Chapter 2 of Class 12 Part – 1: –

Usha Publication – Accountancy PSEB (Class 12) – Volume I – Solution

Usha Publication – Accountancy PSEB (Class 12) – Volume II – Solution

46. A and B are partners sharing profit or loss in the ratio of 3:2 having capital balances of Rs. 50,000 and Rs. 40,000 on 1st April, 2017. On 1st July, 2017, A introduced Rs. 10,000 as his additional capital whereas B introduced only Rs. 1,000. If the interest on capital is allowed to partners @ 10% pa. Calculate the interest on capital if the financial year closes on 31st March.

The solution of Question 46 Chapter 2 of Class 12 Part – 1: –

Interest on Capital to A = (50,000 x10% + (10,000 x 10% x9/12) = 5,000 + 750 = Rs. 5,750.
Interest on Capital to B = (40,000 x10%) + (1,000 x 10% x9/12) = 4,000 + 75 = Rs. 4,075.
Alternate Solution:
Interest on Capital to A =(50,000 ×10/100×3/12)+(60,000 x ×10/100×9/12)) = 1,250+4,500 = Rs. 5,750
Interest on Capital to B =(40,000 ×10/100×3/12)+(41,000 x ×10/100×9/12)) = 1,000+3,075 = Rs. 4,075.

Thanks, Please Like and share with your friends

Comment if you have any questions.

Also, Check out the solved question of all Chapters: –