Question

please tell how those answers came plz explain me.

Answer 1

Explanation:

As given in the question that interest on drawing is charged @ 12%p.a. and drawings of A and B was rs 20000 and rs 30000 respectively

According to rules if date of drawing us not given in the question interest on drawing is charges for 6 months

Interest onA drawings = 20000×12/100/6/12=1200

intetest on B drawing = 30000×12/100/6/12=1800

Divisbke profit of rs 34000 divided between A and B in their profit sharing ratio 3:2

A share i profit =34000×3/5= 20400

B share ib profit = 34000×2/5= 13600