Question

Q21.Sunflower and Pink Rose started partnership business on April 1, 2019 with capital of

2,50,000 and 1,50,000 respectively. On 1st October, 2019, they decided that their capital should

be 2,00,000 each. The necessary adjustments in the capitals are made by introducing or

withdrawing cash. Interest on capital is to be allowed at 10% p.a. Calculate interest on capital on

March 31,2020. ​

Answer 1

$\sf\huge\red{Answer:-}$

$\sf\green{interest \: on \: capital \: of \: sunflower =}$

→capital= 250000

→rate= 10%

(on April 1st to October 1st) =6 months

→Drawings=50000(on October 1st to March 1st)

$= 250000 \times \frac{10}{100} \times \frac{6}{12} = 12500 \\ = 250000 - 50000 = 200000 \\ = 200000 \times \frac{10}{100} \times \frac{6}{12} = 10000 \\ 12500 + 10000 = 22500$

$\sf\green{interest \: on \: capital \: of \: pinkrose = }$

→capital= 150000

→rate= 10%

→period=6 months

→Additional capital=50000(on October 1st to March 31st)

$= 150000 \times \frac{10}{100} \times \frac{6}{12} = 7500 \\ 50000 \times \frac{10}{100} \times \frac{6}{12} = 2500 \\ 7500 + 2500 = 10000$

Interest on capital of Sunflower=22500

Interest on capital of Pink rose=10000

Answer 2

Answer:

Just collecting points......sry