Accounting
X and Y are partners in a business and they have invested Rs. 80,000 and Rs.60,000
end of each month (from January to December) for private expenses. According to the
partnership deed, interest is allowed on capital at 8% p.a. and charged on drawings at
respectively as capital on 1-1-95. Each partner has been withdrawing Rs. 400 at the
6% p.a. Calculate the amount of interest to which each partner is entitled under the
average due date system.
Ans. ADD 15.7:95. Interest on drawing
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Answer:
2. The value of x + x(xx) when x = 2 is:
(a) 10, (b) 16, (c) 18, (d) 36, (e) 64
Solution:
x + x(xx)
Put the value of x = 2 in the above expression we get,
2 + 2(22)
= 2 + 2(2 × 2)
= 2 + 2(4)
= 2 + 8
= 10
Answer: (a)
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