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Directions: Read the following case study and answer questions on the basis of the same.Sam and Tom decided to set up a partnership to sell low-sodium, plant based vegan snacks. Since both of them had a family, they decided to withdraw a salary of 112,000 per quarter.Sam also withdrew 1,00,000 on 31st December, 2020 to get her wife treated for Covid-19. The partnership deed provided for 10% p.a. interest on drawings.Tom introduced 50,000 as additional capital on 31stjanuary, 2021 to increase the inventory. The net distributable profit was 2,00,000 which was divided between Sam and Tom after providing 25% to general reserve.What was the profit credited in both partner’s accounts?a) 75,000b) 1,50,000c) 2,00,000d)None of theseCorrect answer is option 'C'. Can you explain this answer? 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 Directions: Read the following case study and answer questions on the basis of the same.Sam and Tom decided to set up a partnership to sell low-sodium, plant based vegan snacks. Since both of them had a family, they decided to withdraw a salary of 112,000 per quarter.Sam also withdrew 1,00,000 on 31st December, 2020 to get her wife treated for Covid-19. The partnership deed provided for 10% p.a. interest on drawings.Tom introduced 50,000 as additional capital on 31stjanuary, 2021 to increase the inventory. The net distributable profit was 2,00,000 which was divided between Sam and Tom after providing 25% to general reserve.What was the profit credited in both partner’s accounts?a) 75,000b) 1,50,000c) 2,00,000d)None of theseCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Directions: Read the following case study and answer questions on the basis of the same.Sam and Tom decided to set up a partnership to sell low-sodium, plant based vegan snacks. Since both of them had a family, they decided to withdraw a salary of 112,000 per quarter.Sam also withdrew 1,00,000 on 31st December, 2020 to get her wife treated for Covid-19. The partnership deed provided for 10% p.a. interest on drawings.Tom introduced 50,000 as additional capital on 31stjanuary, 2021 to increase the inventory. The net distributable profit was 2,00,000 which was divided between Sam and Tom after providing 25% to general reserve.What was the profit credited in both partner’s accounts?a) 75,000b) 1,50,000c) 2,00,000d)None of theseCorrect answer is option 'C'. Can you explain this answer?.

Solutions for Directions: Read the following case study and answer questions on the basis of the same.Sam and Tom decided to set up a partnership to sell low-sodium, plant based vegan snacks. Since both of them had a family, they decided to withdraw a salary of 112,000 per quarter.Sam also withdrew 1,00,000 on 31st December, 2020 to get her wife treated for Covid-19. The partnership deed provided for 10% p.a. interest on drawings.Tom introduced 50,000 as additional capital on 31stjanuary, 2021 to increase the inventory. The net distributable profit was 2,00,000 which was divided between Sam and Tom after providing 25% to general reserve.What was the profit credited in both partner’s accounts?a) 75,000b) 1,50,000c) 2,00,000d)None of theseCorrect answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for Class 12. Download more important topics, notes, lectures and mock test series for Class 12 Exam by signing up for free.

Here you can find the meaning of Directions: Read the following case study and answer questions on the basis of the same.Sam and Tom decided to set up a partnership to sell low-sodium, plant based vegan snacks. Since both of them had a family, they decided to withdraw a salary of 112,000 per quarter.Sam also withdrew 1,00,000 on 31st December, 2020 to get her wife treated for Covid-19. The partnership deed provided for 10% p.a. interest on drawings.Tom introduced 50,000 as additional capital on 31stjanuary, 2021 to increase the inventory. The net distributable profit was 2,00,000 which was divided between Sam and Tom after providing 25% to general reserve.What was the profit credited in both partner’s accounts?a) 75,000b) 1,50,000c) 2,00,000d)None of theseCorrect answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Directions: Read the following case study and answer questions on the basis of the same.Sam and Tom decided to set up a partnership to sell low-sodium, plant based vegan snacks. Since both of them had a family, they decided to withdraw a salary of 112,000 per quarter.Sam also withdrew 1,00,000 on 31st December, 2020 to get her wife treated for Covid-19. The partnership deed provided for 10% p.a. interest on drawings.Tom introduced 50,000 as additional capital on 31stjanuary, 2021 to increase the inventory. The net distributable profit was 2,00,000 which was divided between Sam and Tom after providing 25% to general reserve.What was the profit credited in both partner’s accounts?a) 75,000b) 1,50,000c) 2,00,000d)None of theseCorrect answer is option 'C'. Can you explain this answer?, a detailed solution for Directions: Read the following case study and answer questions on the basis of the same.Sam and Tom decided to set up a partnership to sell low-sodium, plant based vegan snacks. Since both of them had a family, they decided to withdraw a salary of 112,000 per quarter.Sam also withdrew 1,00,000 on 31st December, 2020 to get her wife treated for Covid-19. The partnership deed provided for 10% p.a. interest on drawings.Tom introduced 50,000 as additional capital on 31stjanuary, 2021 to increase the inventory. The net distributable profit was 2,00,000 which was divided between Sam and Tom after providing 25% to general reserve.What was the profit credited in both partner’s accounts?a) 75,000b) 1,50,000c) 2,00,000d)None of theseCorrect answer is option 'C'. Can you explain this answer? has been provided alongside types of Directions: Read the following case study and answer questions on the basis of the same.Sam and Tom decided to set up a partnership to sell low-sodium, plant based vegan snacks. Since both of them had a family, they decided to withdraw a salary of 112,000 per quarter.Sam also withdrew 1,00,000 on 31st December, 2020 to get her wife treated for Covid-19. The partnership deed provided for 10% p.a. interest on drawings.Tom introduced 50,000 as additional capital on 31stjanuary, 2021 to increase the inventory. The net distributable profit was 2,00,000 which was divided between Sam and Tom after providing 25% to general reserve.What was the profit credited in both partner’s accounts?a) 75,000b) 1,50,000c) 2,00,000d)None of theseCorrect answer is option 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Directions: Read the following case study and answer questions on the basis of the same.Sam and Tom decided to set up a partnership to sell low-sodium, plant based vegan snacks. Since both of them had a family, they decided to withdraw a salary of 112,000 per quarter.Sam also withdrew 1,00,000 on 31st December, 2020 to get her wife treated for Covid-19. The partnership deed provided for 10% p.a. interest on drawings.Tom introduced 50,000 as additional capital on 31stjanuary, 2021 to increase the inventory. The net distributable profit was 2,00,000 which was divided between Sam and Tom after providing 25% to general reserve.What was the profit credited in both partner’s accounts?a) 75,000b) 1,50,000c) 2,00,000d)None of theseCorrect answer is option 'C'. Can you explain this answer? tests, examples and also practice Class 12 tests.