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Ram and Shyam are partners with the capital of Rs. 25,000 and Rs.15,000 respectively. Interest payable on capital is 10% p.a. Find the interest on capital for both the partners when the profits earned by the firm is Rs. 2,400.
- a)Rs. 2,500 and Rs. 1,500
- b)Rs. 1,500 and Rs. 900
- c)Rs. 1,200 and Rs. 1,200
- d)None of the above
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
Ram and Shyam are partners with the capital of Rs. 25,000 and Rs.15,00...
As per the question, interest on Capital should be 2500 (10% of 25000) & 1500 (10% of 15000).
So, the interest will be distributed in their capital ratio i. e 5:3 so you will get 1500 & 900.
So, the interest will be distributed in their capital ratio i. e 5:3 so you will get 1500 & 900.
Most Upvoted Answer
Ram and Shyam are partners with the capital of Rs. 25,000 and Rs.15,00...
As per the question, int on Capital should be 2500 & 1500. But profit is not sufficient to pay off interest. So the interest will be distributed in their capital ratio i. e 5:3 you will get 1500 & 900.
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Community Answer
Ram and Shyam are partners with the capital of Rs. 25,000 and Rs.15,00...
Given:
Ram's capital = Rs. 25,000
Shyam's capital = Rs. 15,000
Interest on capital = 10% p.a.
Profits earned by the firm = Rs. 2,400
To find: Interest on capital for both the partners
Solution:
Total capital = Ram's capital + Shyam's capital
= Rs. (25,000 + 15,000)
= Rs. 40,000
Interest on total capital = 10% of Rs. 40,000
= Rs. (10/100 × 40,000)
= Rs. 4,000
Share of Ram in profits = Ram's capital / Total capital × Profits
= (25,000 / 40,000) × 2,400
= Rs. 1,500
Share of Shyam in profits = Shyam's capital / Total capital × Profits
= (15,000 / 40,000) × 2,400
= Rs. 900
Interest on capital for Ram = 10% of Ram's capital
= 10% of Rs. 25,000
= Rs. 2,500
Interest on capital for Shyam = 10% of Shyam's capital
= 10% of Rs. 15,000
= Rs. 1,500
Therefore, the correct answer is option B) Rs. 1,500 and Rs. 900.
Ram's capital = Rs. 25,000
Shyam's capital = Rs. 15,000
Interest on capital = 10% p.a.
Profits earned by the firm = Rs. 2,400
To find: Interest on capital for both the partners
Solution:
Total capital = Ram's capital + Shyam's capital
= Rs. (25,000 + 15,000)
= Rs. 40,000
Interest on total capital = 10% of Rs. 40,000
= Rs. (10/100 × 40,000)
= Rs. 4,000
Share of Ram in profits = Ram's capital / Total capital × Profits
= (25,000 / 40,000) × 2,400
= Rs. 1,500
Share of Shyam in profits = Shyam's capital / Total capital × Profits
= (15,000 / 40,000) × 2,400
= Rs. 900
Interest on capital for Ram = 10% of Ram's capital
= 10% of Rs. 25,000
= Rs. 2,500
Interest on capital for Shyam = 10% of Shyam's capital
= 10% of Rs. 15,000
= Rs. 1,500
Therefore, the correct answer is option B) Rs. 1,500 and Rs. 900.
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Ram and Shyam are partners with the capital of Rs. 25,000 and Rs.15,000 respectively. Interest payable on capital is 10% p.a. Find the interest on capital for both the partners when the profits earned by the firm is Rs. 2,400.a)Rs. 2,500 and Rs. 1,500b)Rs. 1,500 and Rs. 900c)Rs. 1,200 and Rs. 1,200d)None of the aboveCorrect answer is option 'B'. Can you explain this answer?
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Ram and Shyam are partners with the capital of Rs. 25,000 and Rs.15,000 respectively. Interest payable on capital is 10% p.a. Find the interest on capital for both the partners when the profits earned by the firm is Rs. 2,400.a)Rs. 2,500 and Rs. 1,500b)Rs. 1,500 and Rs. 900c)Rs. 1,200 and Rs. 1,200d)None of the aboveCorrect answer is option 'B'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Ram and Shyam are partners with the capital of Rs. 25,000 and Rs.15,000 respectively. Interest payable on capital is 10% p.a. Find the interest on capital for both the partners when the profits earned by the firm is Rs. 2,400.a)Rs. 2,500 and Rs. 1,500b)Rs. 1,500 and Rs. 900c)Rs. 1,200 and Rs. 1,200d)None of the aboveCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Ram and Shyam are partners with the capital of Rs. 25,000 and Rs.15,000 respectively. Interest payable on capital is 10% p.a. Find the interest on capital for both the partners when the profits earned by the firm is Rs. 2,400.a)Rs. 2,500 and Rs. 1,500b)Rs. 1,500 and Rs. 900c)Rs. 1,200 and Rs. 1,200d)None of the aboveCorrect answer is option 'B'. Can you explain this answer?.
Ram and Shyam are partners with the capital of Rs. 25,000 and Rs.15,000 respectively. Interest payable on capital is 10% p.a. Find the interest on capital for both the partners when the profits earned by the firm is Rs. 2,400.a)Rs. 2,500 and Rs. 1,500b)Rs. 1,500 and Rs. 900c)Rs. 1,200 and Rs. 1,200d)None of the aboveCorrect answer is option 'B'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Ram and Shyam are partners with the capital of Rs. 25,000 and Rs.15,000 respectively. Interest payable on capital is 10% p.a. Find the interest on capital for both the partners when the profits earned by the firm is Rs. 2,400.a)Rs. 2,500 and Rs. 1,500b)Rs. 1,500 and Rs. 900c)Rs. 1,200 and Rs. 1,200d)None of the aboveCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Ram and Shyam are partners with the capital of Rs. 25,000 and Rs.15,000 respectively. Interest payable on capital is 10% p.a. Find the interest on capital for both the partners when the profits earned by the firm is Rs. 2,400.a)Rs. 2,500 and Rs. 1,500b)Rs. 1,500 and Rs. 900c)Rs. 1,200 and Rs. 1,200d)None of the aboveCorrect answer is option 'B'. Can you explain this answer?.
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Ram and Shyam are partners with the capital of Rs. 25,000 and Rs.15,000 respectively. Interest payable on capital is 10% p.a. Find the interest on capital for both the partners when the profits earned by the firm is Rs. 2,400.a)Rs. 2,500 and Rs. 1,500b)Rs. 1,500 and Rs. 900c)Rs. 1,200 and Rs. 1,200d)None of the aboveCorrect answer is option 'B'. Can you explain this answer?, a detailed solution for Ram and Shyam are partners with the capital of Rs. 25,000 and Rs.15,000 respectively. Interest payable on capital is 10% p.a. Find the interest on capital for both the partners when the profits earned by the firm is Rs. 2,400.a)Rs. 2,500 and Rs. 1,500b)Rs. 1,500 and Rs. 900c)Rs. 1,200 and Rs. 1,200d)None of the aboveCorrect answer is option 'B'. Can you explain this answer? has been provided alongside types of Ram and Shyam are partners with the capital of Rs. 25,000 and Rs.15,000 respectively. Interest payable on capital is 10% p.a. Find the interest on capital for both the partners when the profits earned by the firm is Rs. 2,400.a)Rs. 2,500 and Rs. 1,500b)Rs. 1,500 and Rs. 900c)Rs. 1,200 and Rs. 1,200d)None of the aboveCorrect answer is option 'B'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Ram and Shyam are partners with the capital of Rs. 25,000 and Rs.15,000 respectively. Interest payable on capital is 10% p.a. Find the interest on capital for both the partners when the profits earned by the firm is Rs. 2,400.a)Rs. 2,500 and Rs. 1,500b)Rs. 1,500 and Rs. 900c)Rs. 1,200 and Rs. 1,200d)None of the aboveCorrect answer is option 'B'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
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