Question

Ram, Shyam and of Mohan partners there
capital on 1 April 2016 were 50000
30000 and 20000 respectively
Shyam is entitled for salary of Rs 3000
and Mohan of Rs 2000 P.a Interst on
capital at a 10%.p.a. Comsune of Rs
10000 is given to ram, a Interest on Drawing
@ 10% p. a when the drawing of Ram and
Shyam is of rs 20000 and 10000 The profit of firm is amounted of Rs 200000​

Answer 1

Answer:

interest on capital of

ram - 50,000×10/100=5000

shyam- 30,000×10/100=3000

mohan-20,000×10/100=2000

salary to shyam - 3000

salary to mohan - 2000

Ram's commission - 10,000

interest on drawings of ram = 20,000×10/100×6/12 = 1000

interest on drawings of shyam = 10,000×10/100×6/12 = 500

divisible profit = 2,00,000 + (1000+500) - (3000+2000+10,000+5000+3000+2000)

= 2,01,500 - 25,000

= 1,76,500

profit share = 1/3×1,76,500 = 58,343 each