Question

later from the beginning of accounting year they decided to admit Usha into partnership and offered her th share in profits along with monthly remuneration of ₹1,500. She was asked to introduce ₹1,20,000 for capital and ₹60,000 for goodwill. Besides this Usha was required to provide ₹80,000 as loan for two years. Usha readily accepted the offer. The terms of the offer were duly accepted and she was admitted as a partner. Question 1: Remuneration to Mahesh and Ramesh will be transferred to ____________ Account. a. Capital b. Loan c. Current d. None of the above. Question 2: Usha will be entitled to a remuneration of _______at the end of the year. Question 3: For the amount of loan that Usha has provided, is entitled to interest thereon at the rate of ________. Question 4: Upon the admission of Usha the sacrifice for providing her share of profits would be done: a. By Mahesh only b. By Ramesh only c. By Mahesh and Ramesh equally d. By Mahesh and Ramesh in the ratio 3:2.​

Answer 1

Answer:

1)Remuneration to Mahesh and Ramesh will be transferred to Current Account.

2)Usha will be entitled to a remuneration of 15,000 at the end of the year.

3)For the amount of loan that Usha has provided, is entitled to interest thereon at the rate of 6% p.a.

4)Upon the admission of Usha the sacrifice for providing her share of profits would be done by Mahesh and Ramesh in the ratio 3:2.

Hope it helps you.

Please mark as the brainliest answer.