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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.?
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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.
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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.?
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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.?.
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