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प्रश्न
Rakesh and Roshan are partners, sharing profits in the ratio of 3:2 with capitals of Rs 40,000 and Rs 30,000, respectively.
They withdrew from the firm the following amounts, for their personal use:
|
Rakesh |
Month |
Rs. |
|
|
May 31, 2019 |
600 |
|
|
June 30, 2019 |
500 |
|
|
August 31, 2019 |
1,000 |
|
|
November 1, 2019 |
400 |
|
|
December 31, 2019 |
1,500 |
|
|
January 31, 2020 |
300 |
|
|
March 01, 2020 |
700 |
|
Rohan |
At the beginning of each month |
400 |
Interest is to be charged @ 6% p.a. Calculate interest on drawings, assuming that book of account are closed on March 31, 2020, every year.
उत्तर
Rakesh’s Interest on Drawings
|
|
Drawings × Period |
Product |
|
31 May 2019 to 31 March 2020 |
600 × 10 = |
6,000 |
|
30 June 2019 to 31 March 2020 |
500 × 9 = |
4,500 |
|
31 August 2019 to 31 March 2020 |
1,000 × 7 = |
7,000 |
|
1 November 2019 to 31 March 2020 |
400 × 5 = |
2,000 |
|
31 December 2019 to 31 March 2020 |
1,500 × 3 = |
4,500 |
|
31 January 2020 to 31 March 2020 |
300 × 2 = |
6,00 |
|
01 March 2020 to 31 March 2020 |
700 × 1 = |
700 |
|
|
Sum of Product |
25,300 |
Interest = `"Sum of Product" × "Rate" / 100 xx 1/12`
`= 25300 xx 6/100 xx 1/12`
= Rs 126.5
Interest on Rohan’s Capital
`= "Total Drawing" × "Rate" / 100 xx 13/(2 xx 12)`
`= 4800 xx 6/100 xx 13/(2 xx 12)`
= Rs 156
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