Practical problem
Ø
Based on provision in
the Partnershipdeed
1. A
and B started business with capitals of ₹ 10,000 and ₹ 20,000 respectively on 1st
April 2016. Solve their mutual disputes by giving specific reason.
a. A
wants that there must be a provision for interest on capital.
b. B
wants that should be shared according to capital contribution but a want to
share equally.
c. B
wants that there should be a provision for pe₹onal drawing
d. A
agree to introduced additional capital of ₹ 1,00,000 in the condition that they
will get 6% p.a. interest on additional capital.
e.
A and B want to get b monthly salary
Based on share of profit
2.
A
, B and C started business with capitals of ₹
1,00,000 ₹ 2,00,000 and ₹ 3,00,000. On 1st April 2017, profit
for the year ended 31st March 2018 is ₹ 1,20,000. Show the distribution of profit.
If profit sharing ratio is as follows:-
a)
Ratio
is 2:3:5
b)
Ratio
is 2:2:2
c)
According
to capital contribution
d)
Equally
e)
20%,
40 % and 60% respectively
f)
1/5th,
5/8th and reaming to C.
Based on interest on Drawings
3. A , B and C started business with capital
of ₹ 1,00,000 , ₹ 2,00,000 and ₹ 3,00,000 each
on 1st April 2017. Calculated interest on drawings @ 10% p.a
for the year ended 31st March 2018. If A, B and C withdrew ₹ 1,000, ₹
2,000 and 3,000 beginning of every month.
3.
A
, B and C started business with capital of ₹ 1,00,000 , ₹ 2,00,000 and ₹
3,00,000 each on 1st April
2017. Calculated interest on drawings @ 10% p.a for the year ended 31st
March 2018. If A, B and C withdrew ₹ 1,000, ₹ 2,000 and 3,000 ending of every
month.
4.
A
, B and C started business with capital of ₹ 1,00,000 , ₹ 2,00,000 and ₹
3,00,000 each on 1st April
2017. Calculated interest on drawings @ 10% p.a for the year ended 31st
March 2018. If A, B and C withdrew ₹ 1,000, ₹ 2,000 and 3,000 middle of every
month.
5.
A
, B and C started business with capital of ₹ 1,00,000 , ₹ 2,00,000 and ₹
3,00,000 each on 1st April
2017. Calculated interest on drawings @ 10% p.a for the year ended 31st
March 2018. If A, B and C withdrew ₹ 1,000, ₹ 2,000 and 3,000 Beginning of
every quarter.
6.
A
, B and C started business with capital of ₹ 1,00,000 , ₹ 2,00,000 and ₹
3,00,000 each on 1st April
2017. Calculated interest on drawings @ 10% p.a for the year ended 31st
March 2018. If A, B and C withdrew ₹ 1,000, ₹ 2,000 and 3,000 ending of every
quarter.
7. A , B and C started business with
capital of ₹ 1,00,000 , ₹ 2,00,000 and ₹ 3,00,000 each on 1st April 2017. Calculated
interest on drawings @ 10% p.a for the year ended 31st March 2018.
If A, B and C withdrew ₹ 1,000, ₹ 2,000 and 3,000 middle of every
quarter.
8.
A
, B and C started business with capital of ₹ 1,00,000 , ₹ 2,00,000 and ₹
3,00,000 each on 1st April
2017. Calculated interest on drawings @ 10% p.a for the year ended 31st
March 2018 as follows:-
April 1 1000
June 30 2000
July 1 500
Oct. 30 1500
Dec. 31 2000
March 1. 1000
9.
A
, B and C started business with capital of ₹ 1,00,000 , ₹ 2,00,000 and ₹
3,00,000 each on 1st Jan.
2017. Calculated interest on drawings @ 10% p.a for the year ended on 31st
Dec 2017 as follows:-
Jan. 31 1000
Feb. 28 2000
June 30 1500
July 31 500
Nov. 30 3000
Dec. 31 1000
10.
A
, B and C started business with capital of ₹ 1,00,000 , ₹ 2,00,000 and ₹
3,00,000 each on 1st Jan.
2017. Calculated interest on drawings @ 10% p.a for the year ended 31st
March 2018 as follows:-
April 1 3,000
July 1 3,000
Oct. 1
3,000
Jan.1 3,000
11.
A
, B and C started business with capital of ₹ 1,00,000 , ₹ 2,00,000 and ₹
3,00,000 each on 1st Jan.
2017. Calculated interest on drawings @ 10% p.a for the year ended 31st
December 2018 as follows:-
Jan. 31 2,500
April 30 2,500
July 31 2,500
Oct. 30
2,500
Based on interest on Capital
Type-I There is no
additional capital and withdrawals.
12. A
, B and C started business with capitals
of ₹ 1,00,000 , ₹ 2,00,000 and ₹ 3,00,000 respectively. On 1st April
2017. Calculate interest on capital @ 10% p.a. for the year ended 31st
march 2018.
13. A
, B and C started business with capitals
of ₹ 1,00,000 , ₹ 2,00,000 and ₹ 3,00,000 respectively. On 1st Jan.
2017. Calculate interest on capital @ 10% p.a. for the year ended 31st
Dec 2017.
14. A
, B and C started business with capitals
of ₹ 1,00,000 , ₹ 2,00,000 and ₹ 3,00,000 respectively. On 1st April
2017. Calculate interest on capital @ 10% p.a. for the year ended 31st
Dec 2017.
Type-II (Based on additional capital)
15. A
and B started business with capitals of ₹ 1,00,000 and ₹ 2,00,000 respectively on 1st April 2017. On
1st July Mr. A introduced as an additional capital of ₹ 50,000.
Partnership deed provides for interest
on capital @ 10% p.a. calculated interest on capital for the year ended 31st
March 2018.
16. A
and B started business with capitals of ₹ 1,00,000 and ₹ 2,00,000 respectively. On 1st April 2017.
On 1st July Mr. A introduced as an additional capital of ₹ 50,000. Partnership
deed provides for interest on capital @ 10% p.a. calculated interest on capital
for the year ended 31st Dec. 2017.
17. A
and B started business with capitals of ₹ 1,00,000 and ₹ 2,00,000 respectively. On 1st Jan. 2017. On 1st July Mr. A introduced
as an additional capital of ₹ 50,000. Partnership deed provides for interest on
capital @ 10% p.a. calculated interest on capital for the year ended 31st
Dec. 2017.
18. A
and B started business with capitals of 1, 00,000 and ₹ 2, 00,000 respectively.
On 1st April 2017. on 1st July A introduced as an
additional capital of ₹ 50,000 and B
introduced as an additional
capitals of ₹ 80,000 on 1st Oct. Partnership deed
provide for interest on capital @ 10%
p.a. calculate interest on capital for the year ended 31st March
2018.
Type-III (Based
on additional capital and Withdrawals.)
19. A
and B started business with capitals of ₹ 1,00,000 and ₹ 2,00,000 respectively
on 1st April 2017, Sharing profits & losses equally. On 1st
July A introduced additional capital of ₹ 50,000. On 1st Oct. B
withdrew ₹ 50,000 from his capital. Partnership deed provides for interest on
capital @ 10% p.a. Calculate interest on capital for the year ended 31st
march 2018.
20. A
and B started business with capitals of ₹ 1,00,000 and ₹ 2,00,000 respectively
on 1st Jan. 2018. Sharing profits & losses equally. On 1st
July A introduced additional capital of ₹ 50,000. On 1st Oct. B
withdrew ₹ 50,000 from his capital. Partnership deed provides for interest on
capital @ 6% p.a. calculate interest on capital for the year ended 31st
Dec. 2018.
21. A
and B started business with capitals of ₹ 5, 00,000 and ₹ 10, 00,000
respectively. On 1st April 2017, sharing profit & losses
equally. On 1st July A introduced ₹ 1, 00,000 as an additional
capital and B withdrew ₹ 50,000 from his capital. On 1st Oct. B introduced ₹ 2, 00,000 as an additional capital
and A withdrew ₹ 1,50,000 from his capital. Partnership deed provides for
interest on capital @ 6% p.a. calculate interest on capital @6% p.a. for the
year ended 31st March 2018.
S.P. Chandravanshi
Director
Active Commerce Classes
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