Question

Asha and Deepti were partners in a firm sharing profits and losses in the
ratio of 3 : 1. Their fixed capitals were 3,00,000 and 2,00,000
respectively. They were entitled to interest on capital @ 10% p.a. The
firm earned a profit of 20,000 during the year. The amount of interest
on capital credited to Deepti will be :
(A) 12,000
(B) = 8,000
(C) 20,000
(D) 5,000​

Answer 1

Answer:

(c)20,000 the amount of interest on capital credited to deepti will be

Answer 2

Given:

Profit and loss sharing ratio of Asha and Deepti = 3:1

Fixed Capital

Asha = 3,00,000

Deepti = 2,00,000

Interest on Capital = 10%

Profit earned fir the year = Rs. 20,000

To find:

Interest in Capital credited to Deepti.

Solution:

Profit and loss sharing ratio of Asha and Deepti = 3:1

Profit earned fir the year = Rs. 20,000

Fixed Capital

Asha = 3,00,000

Deepti = 2,00,000

Interest on Capital = 10%

$interest \: on \: capital \: for \: deepti \: \\ = \frac{10}{100} \times 200000$

$interest \: on \: capital \: for \: deepti = 20000$

Therefore the Interest for Capital credited for Deepti is Rs. 20,000

Therefore the Interest for Capital credited for Deepti is Rs. 20,000 The correct option from the above-given options is option (c) Rs. 20,000.