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The capital account of Begum and Fatima on 1st January, 2018 showed a balance of ₹ 50,000 and ₹ 40,000 respectively. On 1st October, 2018, Begum introduced an additional - Accountancy

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प्रश्न

The capital account of Begum and Fatima on 1st January, 2018 showed a balance of ₹ 50,000 and ₹ 40,000 respectively. On 1st October, 2018, Begum introduced an additional capital of ₹ 10,000 and on 1st May, 2018 Fatima introduced an additional capital of ₹ 9,000.
Calculate interest on capital at 4% p.a. for the year ending 31st December, 2018.

योग

उत्तर

Begum Fatima
`50,000 xx 4/100` 2,000 `40,000 xx 4/100` 1,600
Additional capital: Additional capital:
`10,000 xx 4/100 xx 3/12` 100 `9,000 xx 4/100 xx 8/12` 240
Begum's Total Interest: 2,100 Fatima's Total Interest: 1,840
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Interest on Capital and Interest on Drawings of Partners
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 3: Accounts of partnership firms–fundamentals - Exercises [पृष्ठ ११४]

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सामाचीर कलवी Accountancy [English] Class 12 TN Board
अध्याय 3 Accounts of partnership firms–fundamentals
Exercises | Q IV 7. | पृष्ठ ११४

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Mani is a partner, who withdrew ₹ 30,000 on 1st September, 2018. Interest on drawings is charged at 6% per annum. Calculate interest on drawings on 31st December, 2018 and show the journal entries by assuming that fluctuating capital method is followed.


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Date
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Mani is a partner, who withdrew ₹30,000 on 1st September, 2018. Interest on drawings is charged at 6% per annum. Calculate interest on drawings on 31st December, 2018 and show the journal entries by assuming that fluctuating capital method is followed.


Mani is a partner, who withdrew ₹30,000 on 1st September, 2018. Interest on drawings is charged at 6% per annum. Calculate interest on drawings on 31st December, 2018 and show the journal entries by assuming that fluctuating capital method is followed.


Mani is a partner, who withdrew ₹ 30,000 on 1st September, 2018. Interest on drawings is charged at 6% per annum. Calculate interest on drawings on 31st December, 2018 and show the journal entries by assuming that fluctuating capital method is followed.


Mani is a partner, who withdrew ₹ 30,000 on 1st September, 2018. Interest on drawings is charged at 6% per annum. Calculate interest on drawings on 31st December, 2018 and show the journal entries by assuming that the fluctuating capital method is followed.


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