Accountancy, asked by ty009, 1 year ago

❤40 points❤
A/c ch 12 pg 337 Q.26.

only see the element marked, just read the Q (half give as text and half given in pic) and tell how Rs.6,00,000 and 7/12 came.
explain the calculation.

Best explanation will be marked as brainliest.

Q.26: P, Q and R were carrying on a business in partnership, sharing profits and
losses in the ratio of 5: 3:2 respectively. The firm earned a profit of Rs. 3,60,000 for the accounting year
ended 31st March, 2012 on which date the firm's Balance sheet stood as follows:(now see the attachment for complete Q.)

Attachments:

ty009: u will get u r doubt cleared

Anonymous: yes I got it friend

Anonymous: post more partnership questions if you had doubt in that

ty009: I gone offline

ty009: after

Anonymous: ok

ty009: commenting u last time

ty009: ya sure

ty009: net speed is very slow

Anonymous: it's ok I got it

Answers

Answered by jothika24

Answer:

p's sole heir was given immediately

Rs.5,00,000 is given.

And from p's capital a/c u got p's heir b/f as 11,00,000rs.

so from 11L he is giving 5L .11,00,000-5,00,000=6,00,000.

P died on 31st, August, 2012

so closing is 31st,march,2013.

so from tht 7 months is there

interest is given as 12%

so ur answer is 6,00,000×12%×7÷12=42000.

I HOPE SO YOU GOT IT AND THIS IS HELPFUL IF NOT COMMENT ME I'LL CLATIFY UR DOUBTS.

ALL THE BEST

jothika24: The applications were received for 3000 shares and pro-rata allotment was done to applicants of 2400 shares

jothika24: can u send me the effect for this

Anonymous: see I can't able to write here so that I posted as an answer of Tye and check it out..

Anonymous: sorry for late reply check it out and comment me whether your doubts were cleared by this or not.....

ty009: hey posted another stats Q ans it if

ty009: possible

Anonymous: but some one answered that

Anonymous: I answered it mate

ty009: posted another stats. Q ans. if possible

ty009: posted another stats Q ans. if possible

Answered by yashgandhi74

Answer:

$\huge{\bold{\blue{Hi...}}}$

$\huge{\bold{\green{solUTIon....}}}$ $<b><font color ="red">$

1100000-500000

=600000

600000 x 12% x 7 ÷12

42000

Previous Question

Next Question