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Interest on capital to be given to X & Y when Profits shown by P/L A/C Rs. 1500 and capitals invested by X & Y are Rs. 30,000 and 20,000 (rate of interest is 10% p.a.).
  • a)
    900 and 600
  • b)
    300 and 200
  • c)
    600 and 900
  • d)
    3000 and 2000
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
Interest on capital to be given to X & Y when Profits shown by P/L...
Interest due to X and Y is ?3,000 and ?2,000 (total Rs.5,000) but profit is only ?1,500. In this case Ratio of appropriation will be 3 : 2 (3,000 : 2,000). Now divide profit ?1,500 in Ratio of appropriation i.e. 3:2.
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Most Upvoted Answer
Interest on capital to be given to X & Y when Profits shown by P/L...
Ya bcoz we have only profit 1500 then we distribute it in there capital sharing ratio
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Interest on capital to be given to X & Y when Profits shown by P/L...
Interest on capital will be 3000 and 2000 of x and y respectively. But here profit is insufficient i.e 1500 and it is mention in the question that interest is to be paid so 1500 will be paid as total interest on capital for x and y. 1500 will be divided in capital ratio as 3:2 to pay interest. so for X it will be 900 and for Y it will be 600
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Interest on capital to be given to X & Y when Profits shown by P/L A/C Rs. 1500 and capitals invested by X & Y are Rs. 30,000 and 20,000 (rate of interest is 10% p.a.).a)900 and 600b)300 and 200c)600 and 900d)3000 and 2000Correct answer is option 'A'. Can you explain this answer? for Commerce 2025 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Interest on capital to be given to X & Y when Profits shown by P/L A/C Rs. 1500 and capitals invested by X & Y are Rs. 30,000 and 20,000 (rate of interest is 10% p.a.).a)900 and 600b)300 and 200c)600 and 900d)3000 and 2000Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for Commerce 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Interest on capital to be given to X & Y when Profits shown by P/L A/C Rs. 1500 and capitals invested by X & Y are Rs. 30,000 and 20,000 (rate of interest is 10% p.a.).a)900 and 600b)300 and 200c)600 and 900d)3000 and 2000Correct answer is option 'A'. Can you explain this answer?.
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