Question

Arti and Bina are partners with profit sharing ratio of 2.1 and capital of Rs.500000
and Rs.400000 respectively. They are allowed 8% p.a. interest on capital and are
charged 10% p.a. interest on their drawings. Their drawings during the year were
Arti Rs.80000 and Bina Rs.60000. Arti's share of net profit as per profit and loss
appropriation account amounted to Rs.100000. Net profit of the firm before any
appropriation was
1
a) Rs.208000 (b) Rs.215000 (c)Rs.179000 (d) Rs.222000​

Answer 1

Answer:

Arti share in profit = 100000

Arti share is = 2/3

accrding to Arti share divisble profit if firm is 100000*3/2= 150000

Divisble profit is calculated after deducting appropriation from net profit

divisble profit = 150000

Appropriation

interest on capital = 40000+32000=72000

interest on drawing = 4000+3000=7000

As date of drawing is not given in question so interst will for average 6month

*80000*10/100*6/12=4000

Si net profit before appropriation is

150000+72000-7000= 215000

Answer 2

Answer:

d ans is attached hope it's help you mark a brilliant