Question

A and B invest Rs.50000 and Rs.75000 in
a business respectively. B withdraws the
amount after 8 months. If the profit
earned after a year is Rs.30000. Find the
B's share of the
profit.
Select one:
a. Rs.10000
O b. Rs. 15000
c. Rs.15200
d. Rs.16800
Clear my choice​

Answer 1

Step-by-step explanation:

Profit And Loss Account

Particulars Amount Particulars Amount

To Manager;s

commission

(15000*5/100) 750 By profit before B's Salary

(12500+2500) 15000

To Net profit T/f to

P/L Appropriation

Account 14250

Total 15000 Total 15000

Profit And Loss Appropriation Account

Particulars Amount Particulars Amount

To Interest on capital

A = 50000*6% = 3000

B=30000*6% = 1800 4800 By net profit 14250

B's Salary 2500

To profit T/f to

A's Capital A/c = 4170

B's Capital A/c = 2780 6950

Total 14250 Total 14250

Partners capital account

Particulars A B Particulars A B

By bal b/d 50000 30000

By Int on capital 3000 1800

salary 2500

To bal c/d 57170 37080 By P/L Appr A/c 4170 2780

Total 57170 37080 Total 57170 37080

How satisfied are you with the answer?

This will help us to improve better

ASK

Get Instant Solutions, 24x7

No Signup required

girl