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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.
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?
Most Upvoted Answer
Ram and Shyam are partners with the capital of Rs. 25,000 and Rs. 15,0...
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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Ram and Shyam are partners with the capital of Rs. 25,000 and Rs. 15,0...
Given:
Ram's capital = Rs. 25,000
Shyam's capital = Rs. 15,000
Interest rate = 10% p.a.
Profit 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 + Rs. 15,000
= Rs. 40,000
Interest on capital = Total capital × Interest rate
= Rs. 40,000 × 10/100
= Rs. 4,000
Now, we need to divide the interest on capital between Ram and Shyam in the ratio of their capitals.
Ram's share = Ram's capital / Total capital × Interest on capital
= Rs. 25,000 / Rs. 40,000 × Rs. 4,000
= Rs. 2,500
Shyam's share = Shyam's capital / Total capital × Interest on capital
= Rs. 15,000 / Rs. 40,000 × Rs. 4,000
= Rs. 1,500
Therefore, the interest on capital for Ram and Shyam are Rs. 2,500 and Rs. 1,500 respectively.
Hence, the option (b) is the correct answer.
Ram's capital = Rs. 25,000
Shyam's capital = Rs. 15,000
Interest rate = 10% p.a.
Profit 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 + Rs. 15,000
= Rs. 40,000
Interest on capital = Total capital × Interest rate
= Rs. 40,000 × 10/100
= Rs. 4,000
Now, we need to divide the interest on capital between Ram and Shyam in the ratio of their capitals.
Ram's share = Ram's capital / Total capital × Interest on capital
= Rs. 25,000 / Rs. 40,000 × Rs. 4,000
= Rs. 2,500
Shyam's share = Shyam's capital / Total capital × Interest on capital
= Rs. 15,000 / Rs. 40,000 × Rs. 4,000
= Rs. 1,500
Therefore, the interest on capital for Ram and Shyam are Rs. 2,500 and Rs. 1,500 respectively.
Hence, the option (b) is the correct 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. 1,500.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?
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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? 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. 1,500.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? 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. 1,500.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?.
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? 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. 1,500.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? 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. 1,500.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?.
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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. 1,500.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? tests, examples and also practice CA Foundation tests.
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