This topic contains 0 replies, has 0 voices, and was last updated by  EduGorilla 1 year, 10 months ago.

  • Author
    Posts
  • #618288 Reply
     EduGorilla 
    Keymaster
    Select Question Language :


    A and B are partners sharing profits in the ratio of 3 : 2 with capitals of Rs. 50,000 and Rs. 30,000, respectively. Interest on capital is agreed at the rate of 6% p.a. During 2000, B is to be allowed an annual salary of Rs. 2,500. The profits of the year prior to the calculation of interest on capital amounted to Rs. 12,500 after charging B`s salary. The manager is to be allowed a commission of 5% of profits remaining after deducting salary. Then the interest on capital profit transferred to partner’s capital accounts before charging such commission will be

    Options :-

    1. A: Rs. 4,389, B: Rs. 2,926
    2. A: Rs. 4,000, B: Rs. 3,315
    3. A: Rs. 3,000, B: Rs. 4,315
    4. A: Rs. 2,500, B: Rs. 4,815
    Post your Training /Course Enquiry
    Are You looking institutes / coaching center for
    • IIT-JEE, NEET, CAT
    • Bank PO, SSC, Railways
    • Study Abroad
    Select your Training / Study category
Reply To: A and B are partners sharing profits in the ratio of 3 : 2 with capitals of Rs. 50,000 and Rs. 30,00….
Your information:




GET UPTO 50%    OFF!
Verify Yourself




Log in with your credentials

or    

Forgot your details?

Create Account