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A and B are partners sharing the profits and losses in the ratio of 2: 3 with capitals of 40000 Rs. And 20000 Rs. Respectively. on 1st July 2017 A and B granted loan of 80000 Rs. And 40000 Rs. Respectively to the firm. show the distribution of profits losses if the profits before charging any interest for the year 2017 amounted to 8400 Rs.?
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A and B are partners sharing the profits and losses in the ratio of 2:...
Calculation of Interest on Loan
- A granted loan of Rs. 80,000 on 1st July 2017
- B granted loan of Rs. 40,000 on 1st July 2017
- Interest on loan is not mentioned, assuming it to be 10% per annum
- Interest on A's loan for 6 months = (80,000 * 10% * 6)/12 = Rs. 4,000
- Interest on B's loan for 6 months = (40,000 * 10% * 6)/12 = Rs. 2,000
Calculation of Profit and Loss
- Total interest on loan = Rs. 6,000
- Profit before charging interest = Rs. 8,400
- Profit after charging interest = Rs. 8,400 - Rs. 6,000 = Rs. 2,400
- Total capital = Rs. 60,000 (40,000 + 20,000)
- A's share of profit = (2/5) * Rs. 2,400 = Rs. 960
- B's share of profit = (3/5) * Rs. 2,400 = Rs. 1,440
- A's share of interest = Rs. 4,000 * (2/5) = Rs. 1,600
- B's share of interest = Rs. 2,000 * (3/5) = Rs. 1,200
- A's total share = Rs. 960 + Rs. 1,600 = Rs. 2,560
- B's total share = Rs. 1,440 + Rs. 1,200 = Rs. 2,640
Distribution of Profit and Loss
- A's share of profit = Rs. 960
- B's share of profit = Rs. 1,440
- A's share of interest = Rs. 1,600
- B's share of interest = Rs. 1,200
- A's total share = Rs. 2,560
- B's total share = Rs. 2,640
- A's share in profit and interest = Rs. 960 + Rs. 1,600 = Rs. 2,560
- B's share in profit and interest = Rs. 1,440 + Rs. 1,200 = Rs. 2,640
- A's ratio in total share = Rs. 2,560 / (Rs. 2,560 + Rs. 2,640) = 48.48%
- B's ratio in total share = Rs. 2,640 / (Rs. 2,560 + Rs. 2,640) = 51.52%
- A's final share in profit and interest = 48.48% of Rs. 2,400 = Rs. 1,161.60
- B's final share in profit and interest = 51.52% of Rs. 2,400 = Rs. 1,238.40
Therefore, A's share in profit and interest is Rs. 1,161.60 and B's share in profit and interest is Rs. 1,238.40.
- A granted loan of Rs. 80,000 on 1st July 2017
- B granted loan of Rs. 40,000 on 1st July 2017
- Interest on loan is not mentioned, assuming it to be 10% per annum
- Interest on A's loan for 6 months = (80,000 * 10% * 6)/12 = Rs. 4,000
- Interest on B's loan for 6 months = (40,000 * 10% * 6)/12 = Rs. 2,000
Calculation of Profit and Loss
- Total interest on loan = Rs. 6,000
- Profit before charging interest = Rs. 8,400
- Profit after charging interest = Rs. 8,400 - Rs. 6,000 = Rs. 2,400
- Total capital = Rs. 60,000 (40,000 + 20,000)
- A's share of profit = (2/5) * Rs. 2,400 = Rs. 960
- B's share of profit = (3/5) * Rs. 2,400 = Rs. 1,440
- A's share of interest = Rs. 4,000 * (2/5) = Rs. 1,600
- B's share of interest = Rs. 2,000 * (3/5) = Rs. 1,200
- A's total share = Rs. 960 + Rs. 1,600 = Rs. 2,560
- B's total share = Rs. 1,440 + Rs. 1,200 = Rs. 2,640
Distribution of Profit and Loss
- A's share of profit = Rs. 960
- B's share of profit = Rs. 1,440
- A's share of interest = Rs. 1,600
- B's share of interest = Rs. 1,200
- A's total share = Rs. 2,560
- B's total share = Rs. 2,640
- A's share in profit and interest = Rs. 960 + Rs. 1,600 = Rs. 2,560
- B's share in profit and interest = Rs. 1,440 + Rs. 1,200 = Rs. 2,640
- A's ratio in total share = Rs. 2,560 / (Rs. 2,560 + Rs. 2,640) = 48.48%
- B's ratio in total share = Rs. 2,640 / (Rs. 2,560 + Rs. 2,640) = 51.52%
- A's final share in profit and interest = 48.48% of Rs. 2,400 = Rs. 1,161.60
- B's final share in profit and interest = 51.52% of Rs. 2,400 = Rs. 1,238.40
Therefore, A's share in profit and interest is Rs. 1,161.60 and B's share in profit and interest is Rs. 1,238.40.
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A and B are partners sharing the profits and losses in the ratio of 2: 3 with capitals of 40000 Rs. And 20000 Rs. Respectively. on 1st July 2017 A and B granted loan of 80000 Rs. And 40000 Rs. Respectively to the firm. show the distribution of profits losses if the profits before charging any interest for the year 2017 amounted to 8400 Rs.?
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A and B are partners sharing the profits and losses in the ratio of 2: 3 with capitals of 40000 Rs. And 20000 Rs. Respectively. on 1st July 2017 A and B granted loan of 80000 Rs. And 40000 Rs. Respectively to the firm. show the distribution of profits losses if the profits before charging any interest for the year 2017 amounted to 8400 Rs.? for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about A and B are partners sharing the profits and losses in the ratio of 2: 3 with capitals of 40000 Rs. And 20000 Rs. Respectively. on 1st July 2017 A and B granted loan of 80000 Rs. And 40000 Rs. Respectively to the firm. show the distribution of profits losses if the profits before charging any interest for the year 2017 amounted to 8400 Rs.? covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A and B are partners sharing the profits and losses in the ratio of 2: 3 with capitals of 40000 Rs. And 20000 Rs. Respectively. on 1st July 2017 A and B granted loan of 80000 Rs. And 40000 Rs. Respectively to the firm. show the distribution of profits losses if the profits before charging any interest for the year 2017 amounted to 8400 Rs.?.
A and B are partners sharing the profits and losses in the ratio of 2: 3 with capitals of 40000 Rs. And 20000 Rs. Respectively. on 1st July 2017 A and B granted loan of 80000 Rs. And 40000 Rs. Respectively to the firm. show the distribution of profits losses if the profits before charging any interest for the year 2017 amounted to 8400 Rs.? for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about A and B are partners sharing the profits and losses in the ratio of 2: 3 with capitals of 40000 Rs. And 20000 Rs. Respectively. on 1st July 2017 A and B granted loan of 80000 Rs. And 40000 Rs. Respectively to the firm. show the distribution of profits losses if the profits before charging any interest for the year 2017 amounted to 8400 Rs.? covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A and B are partners sharing the profits and losses in the ratio of 2: 3 with capitals of 40000 Rs. And 20000 Rs. Respectively. on 1st July 2017 A and B granted loan of 80000 Rs. And 40000 Rs. Respectively to the firm. show the distribution of profits losses if the profits before charging any interest for the year 2017 amounted to 8400 Rs.?.
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A and B are partners sharing the profits and losses in the ratio of 2: 3 with capitals of 40000 Rs. And 20000 Rs. Respectively. on 1st July 2017 A and B granted loan of 80000 Rs. And 40000 Rs. Respectively to the firm. show the distribution of profits losses if the profits before charging any interest for the year 2017 amounted to 8400 Rs.?, a detailed solution for A and B are partners sharing the profits and losses in the ratio of 2: 3 with capitals of 40000 Rs. And 20000 Rs. Respectively. on 1st July 2017 A and B granted loan of 80000 Rs. And 40000 Rs. Respectively to the firm. show the distribution of profits losses if the profits before charging any interest for the year 2017 amounted to 8400 Rs.? has been provided alongside types of A and B are partners sharing the profits and losses in the ratio of 2: 3 with capitals of 40000 Rs. And 20000 Rs. Respectively. on 1st July 2017 A and B granted loan of 80000 Rs. And 40000 Rs. Respectively to the firm. show the distribution of profits losses if the profits before charging any interest for the year 2017 amounted to 8400 Rs.? theory, EduRev gives you an
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