Question

Tan,Man and Dhan are the partners sharing profit-loss in equal proportion . Their total capital is 450000 . Their proportion of capital is 1:3:2 . Firm pays interest on capital at 9% p.a. Partner Dhan has received 73500 including interest on capital . determine he amount payable including interest on the capital of Tan and Man​

Answer 1

Answer:

DHAN RECEIVED = RS. 73500

DHAN'S CAPITAL = 450000*2/6= 150000

INTEREST ON DHAN'S CAPITAL = 9/100* 150000 = 13500

PROIFT SHARE OF DHAN WITHOUT INTEREST = 73500-13500 = 60000

SINCE Tan,Man and Dhan are the partners sharing profit-loss in equal proportion  SO PROFIT = 60000 FOR EACH

TAN'S CAPITAL = 1*450000/6 = 75000

TAN'S INTEREST ON CAPITAL = 75000*9/100 = 6750

TAN'S PROIT INCLUDING INTEREST = 60000+6750 = 66750

MAN'S CAPITAL = 3*450000/6 = 225000

MAN'S INTEREST ON CAPITAL = 225000*9/100 = 20250

MAN'S PROIT INCLUDING INTEREST = 60000+20250= 80250

Explanation: