CHAPTER 1 : BUSINESS , TRADE & COMMERCE CHAPTER 2 : FORMS OF BUSINESS ORGANISATION CHAPTER 3 : PRIVATE, PUBLIC & GLOBAL ENTERPRISES CHAPTER 4 : BUSINESS SERVICES CHAPTER 5 : EMERGING MODES OF BUSINESS CHAPTER 6 : SOCIAL RESPONSIBILITIES OF BUSINESS CHAPTER 7 : FORMATION OF A COMPANY CHAPTER 8 : SOURCES OF BUSINESS FINANCE CHAPTER 9 : SMALL BUSINESS & ENTREPRENEURSHIP CHAPTER 10 : INTERNAL TRADE CHAPTER 11 : INTERNATIONAL BUSINESS
1.Verma and Kaul are partners in a firm. The partnership agreement provides that interest on drawings should be charged @ 6% p.a. Verma withdraws Rs. 2,000 per month starting from April 01, 2016 to March 31, 2017. Kaul withdrew Rs, 3,000 per quarter, starting from April 01, 2016. Calculate interest on partner’s drawings 2.Rani and Suman are in partnership with capitals of Rs, 80,000 and Rs. 60,000, respectively. During the year 2006-2007, Rani withdrew Rs. 10,000 from her capital and Suman Rs. 15,000. Profits before charging interest on capital was Rs. 50,000. Ravi and Suman shared profits in the ratio of 3:2. Calculate the amounts of interest on their capitals @ 12% p.a. for the year ended March 31, 2007. 3.Gupta and Sarin are partners in a firm sharing profits in the ratio of 3:2. Their fixed capitals are: Gupta 2,00,000, and Sarin 3,00,000. After the accounts for the year are prepared it is discovered that interest on capital @10% p.a. as provided in the partnership agreement, ...
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