Accountancy, asked by shivanirawat7959, 10 months ago

Arun, Ajay and Dinesh are partners in a firm. At the time of division of profit for
the year there was dispute between partners (due to absence of deed) profits
before interest on partner's capital was 60,000 and Ajay determined interest
@ 24%p.a. on his loan of 8,00,000. Amount payable to Arun, Ajay, Dinesh
respectively will be:
399
[Class XII : Accountancy)​

Answers

Answered by ritikasingh20
10

Answer:Rs.4,000 for Arun ,Rs.52,000 for Ajay and Rs.4,000 for Dinesh

Explanation:

Answered by PiaDeveau
17

Ajay amount = 52,000

Arun amount = 4,000

Dinesh amount = 4,000

Explanation:

Given:

Profits  before interest on partner's capital = 60,000

Ajay's interest  = 24% p.a. on 8,00,000

Computation:

In the absence of deed, profit, and loss sharing equally.

In the absence of deed, Interest on loan of partner is paid @ 6%

Ajay's interest  = 6% × 8,00,000

Ajay's interest  = 48,000

Profits  after interest on partner's capital = 60,000 - 48,000

Profits  after interest on partner's capital = 12,000

Each share = 12,000 / 3 = 4,000

Ajay amount = 48,000 + 4,000 = 52,000

Arun amount = 4,000

Dinesh amount = 4,000

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