Question

X, Y and X are the partners sharing profit and losses in the ratio 5:3:2 where capital contributed by X and Y 2,00.000 and 1.50,000 respectively as on Ist. April 2019 and Z contributed 4 computers 25.000 each at the same time. They have withdrawn ? 2,000, 3 1.500 and 1,000 at the end of each and every month Interest on Capital and interest on drawings to be charged @ 10% and 5% respectively. Z is entitled to commission @5% on turnover amounted to 3,00,000 whereas X and Y is to get a fixed salary of 2.500 and ? 2,000 per month. As on 1" Oct. 2019, X contributed additional capital of 50,000. 10% of the net profit before taking into account transferred to General Fund. The profit as on 31"

March 2020 amounted to: 2,40,000. As per the partnership deed. X is entitled to get minimum 75,000 of the net divisible profit. Prepare Profit and Loss Appropriation Account and Partners Capital Account.
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Answer 1

The sample space has 6 possible outcomes-

S={1,2,3,4,5,6}.

Let all outcomes are equally likely(fair dice).

Hence Probability of any one outcome occurring= 1/6.

The event that we get that an even number on tossing the die can occur in 3 possible ways.

Let E denote this event.

E={2,4,6}

Now P(E)= 3×1/6=1/3

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