Class 12 Exam > Class 12 Questions > A and b contribute rs 100000 and 60000 respec...
Start Learning for Free
A and b contribute rs 100000 and 60000 respectively in a partnership firm by way of capital on which they agree to allow interest @8% p. a. Their profit and loss sharing ratio is 3:2. The profit at the end of year was 2800 befor allowing interest on capital . If there is clear agreement that interest on capital will be paid even in the case of loss then S's share will be.?
Most Upvoted Answer
A and b contribute rs 100000 and 60000 respectively in a partnership f...
Solution:
Given,
Capital contribution of A = Rs. 100000
Capital contribution of B = Rs. 60000
Interest on capital @8% p.a.
Profit and loss sharing ratio = 3:2
Profit before interest = Rs. 2800
Calculation of Interest on Capital:
Interest on capital of A = Rs. (100000 × 8 × 1)/100 = Rs. 8000
Interest on capital of B = Rs. (60000 × 8 × 1)/100 = Rs. 4800
Calculation of Profit after Interest:
Profit after interest = Profit before interest - (Interest on capital of A + Interest on capital of B)
Profit after interest = Rs. 2800 - (Rs. 8000 + Rs. 4800) = Rs. -10000
As the profit is negative, there is a loss of Rs. 10000.
Calculation of Share of A and B in Loss:
Total capital = Capital of A + Capital of B = Rs. (100000 + 60000) = Rs. 160000
Share of A in loss = (3/5) × Rs. 10000 = Rs. 6000
Share of B in loss = (2/5) × Rs. 10000 = Rs. 4000
Calculation of Final Amount:
Amount to be paid to A = Capital of A - Interest on capital of A - Share of A in loss
Amount to be paid to A = Rs. (100000 - 8000 - 6000) = Rs. 86000
Amount to be paid to B = Capital of B - Interest on capital of B - Share of B in loss
Amount to be paid to B = Rs. (60000 - 4800 - 4000) = Rs. 51200
Conclusion:
The share of S in the loss will be zero as S has not contributed any capital in the partnership firm.
Given,
Capital contribution of A = Rs. 100000
Capital contribution of B = Rs. 60000
Interest on capital @8% p.a.
Profit and loss sharing ratio = 3:2
Profit before interest = Rs. 2800
Calculation of Interest on Capital:
Interest on capital of A = Rs. (100000 × 8 × 1)/100 = Rs. 8000
Interest on capital of B = Rs. (60000 × 8 × 1)/100 = Rs. 4800
Calculation of Profit after Interest:
Profit after interest = Profit before interest - (Interest on capital of A + Interest on capital of B)
Profit after interest = Rs. 2800 - (Rs. 8000 + Rs. 4800) = Rs. -10000
As the profit is negative, there is a loss of Rs. 10000.
Calculation of Share of A and B in Loss:
Total capital = Capital of A + Capital of B = Rs. (100000 + 60000) = Rs. 160000
Share of A in loss = (3/5) × Rs. 10000 = Rs. 6000
Share of B in loss = (2/5) × Rs. 10000 = Rs. 4000
Calculation of Final Amount:
Amount to be paid to A = Capital of A - Interest on capital of A - Share of A in loss
Amount to be paid to A = Rs. (100000 - 8000 - 6000) = Rs. 86000
Amount to be paid to B = Capital of B - Interest on capital of B - Share of B in loss
Amount to be paid to B = Rs. (60000 - 4800 - 4000) = Rs. 51200
Conclusion:
The share of S in the loss will be zero as S has not contributed any capital in the partnership firm.
|
Explore Courses for Class 12 exam
|
|
Similar Class 12 Doubts
A and b contribute rs 100000 and 60000 respectively in a partnership firm by way of capital on which they agree to allow interest @8% p. a. Their profit and loss sharing ratio is 3:2. The profit at the end of year was 2800 befor allowing interest on capital . If there is clear agreement that interest on capital will be paid even in the case of loss then S's share will be.?
Question Description
A and b contribute rs 100000 and 60000 respectively in a partnership firm by way of capital on which they agree to allow interest @8% p. a. Their profit and loss sharing ratio is 3:2. The profit at the end of year was 2800 befor allowing interest on capital . If there is clear agreement that interest on capital will be paid even in the case of loss then S's share will be.? 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 contribute rs 100000 and 60000 respectively in a partnership firm by way of capital on which they agree to allow interest @8% p. a. Their profit and loss sharing ratio is 3:2. The profit at the end of year was 2800 befor allowing interest on capital . If there is clear agreement that interest on capital will be paid even in the case of loss then S's share will be.? covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A and b contribute rs 100000 and 60000 respectively in a partnership firm by way of capital on which they agree to allow interest @8% p. a. Their profit and loss sharing ratio is 3:2. The profit at the end of year was 2800 befor allowing interest on capital . If there is clear agreement that interest on capital will be paid even in the case of loss then S's share will be.?.
A and b contribute rs 100000 and 60000 respectively in a partnership firm by way of capital on which they agree to allow interest @8% p. a. Their profit and loss sharing ratio is 3:2. The profit at the end of year was 2800 befor allowing interest on capital . If there is clear agreement that interest on capital will be paid even in the case of loss then S's share will be.? 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 contribute rs 100000 and 60000 respectively in a partnership firm by way of capital on which they agree to allow interest @8% p. a. Their profit and loss sharing ratio is 3:2. The profit at the end of year was 2800 befor allowing interest on capital . If there is clear agreement that interest on capital will be paid even in the case of loss then S's share will be.? covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A and b contribute rs 100000 and 60000 respectively in a partnership firm by way of capital on which they agree to allow interest @8% p. a. Their profit and loss sharing ratio is 3:2. The profit at the end of year was 2800 befor allowing interest on capital . If there is clear agreement that interest on capital will be paid even in the case of loss then S's share will be.?.
Solutions for A and b contribute rs 100000 and 60000 respectively in a partnership firm by way of capital on which they agree to allow interest @8% p. a. Their profit and loss sharing ratio is 3:2. The profit at the end of year was 2800 befor allowing interest on capital . If there is clear agreement that interest on capital will be paid even in the case of loss then S's share will be.? 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 A and b contribute rs 100000 and 60000 respectively in a partnership firm by way of capital on which they agree to allow interest @8% p. a. Their profit and loss sharing ratio is 3:2. The profit at the end of year was 2800 befor allowing interest on capital . If there is clear agreement that interest on capital will be paid even in the case of loss then S's share will be.? defined & explained in the simplest way possible. Besides giving the explanation of
A and b contribute rs 100000 and 60000 respectively in a partnership firm by way of capital on which they agree to allow interest @8% p. a. Their profit and loss sharing ratio is 3:2. The profit at the end of year was 2800 befor allowing interest on capital . If there is clear agreement that interest on capital will be paid even in the case of loss then S's share will be.?, a detailed solution for A and b contribute rs 100000 and 60000 respectively in a partnership firm by way of capital on which they agree to allow interest @8% p. a. Their profit and loss sharing ratio is 3:2. The profit at the end of year was 2800 befor allowing interest on capital . If there is clear agreement that interest on capital will be paid even in the case of loss then S's share will be.? has been provided alongside types of A and b contribute rs 100000 and 60000 respectively in a partnership firm by way of capital on which they agree to allow interest @8% p. a. Their profit and loss sharing ratio is 3:2. The profit at the end of year was 2800 befor allowing interest on capital . If there is clear agreement that interest on capital will be paid even in the case of loss then S's share will be.? theory, EduRev gives you an
ample number of questions to practice A and b contribute rs 100000 and 60000 respectively in a partnership firm by way of capital on which they agree to allow interest @8% p. a. Their profit and loss sharing ratio is 3:2. The profit at the end of year was 2800 befor allowing interest on capital . If there is clear agreement that interest on capital will be paid even in the case of loss then S's share will be.? tests, examples and also practice Class 12 tests.
|
|
Explore Courses for Class 12 exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup