Accountancy, asked by sieyabhatia, 10 months ago

Q. 43. A, B, C and D are partners sharing profits in 2:2:1:1. They distributed
profit for the year ending 31st March 2020, 9,00,000 without providing for the
owing:
(1) Salary to A @ 15,000 per month.
(ii) Salary to B and D @ 30,000 per quarter to each partner.
calculate​
please answer asap
thank you!

Answers

Answered by pesh20gathoni
22

Answer:

A =  1,20,000

B =  1,80,000

C = 1,50,000

D = 30,000

Explanation:

Given,

Profit radio : 2:2:1:1

no. of partners: 4

total profit : 9,00,000

Now,

We will calculate the share in profit for each partner.

As per give radio total no of a share will be 2+2+1+1 = 6

Profit share = (Total profit/total no of share)*share

partner A will get (900000/6) *2 profit  i.e. 3,00,000

likewise,

partner B will get (900000/6)*2 i.e. 3,00,000

partner C will get (900000/6)*1 i.e. 1,50,000

partner B will get (900000/6)*2 i.e. 1,50,000

Now, We will divide the salary for all partner as per given,

for A = 15,000 * 12 = 1,80,000 i.e. profit - salary = 3,00,000 - 1,80,000 = 1,20,000

likewise for others,

for B = 30,000 * 4 = 1,20,000 i.e. profit - salary = 3,00,000 - 1,20,000 = 1,80,000

For C = 1,50,000

For D = 30,000 * 4 = 1,20,000 i.e. profit- salary = 1,50,000 - 1,20,000 = 30,000

Answered by the70626
2

let gooioooooo

hope it's helps

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