Question

6.Rajan as a partner in a firm,
introduced additional capital rs.
1,00,000 on 1st july,2020. In absence
of partnership deed on 31st march
2021, he will receive interest:
​

Answer 1

Answer:

Step 1: Calculation of Capital Employed:

Capital employed= Total Capital Employed

= 300000+ 200000

= 500000

Step 2: Calculation of Normal Profit:

Normal Profit= 500000 * [20/100]

= 100000

Step 3: Calculation of Average Profit:

Average Profit= 150000

Step 4: Calculation of Super Profit:

Super Profit= 150000- 100000

= 50000

Step 5: Calculation of Goodwill:

Goodwill= Super profit* [100/Normal Rate of return]

= 50000 * [100/20]

= 250000

Answer 2

Profit Remaining = 14,760

so ,

share of A = 7380

share of B = 7380