{"id":51935,"date":"2024-04-15T23:31:58","date_gmt":"2024-04-15T23:31:58","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=51935"},"modified":"2024-04-15T23:31:58","modified_gmt":"2024-04-15T23:31:58","slug":"a-and-b-invest-rs-200000-and-rs-100000-respectively-in-a-partnership-and-agree-to-divide-profit-and-loss-equally-after-providing-for-interest-10-per-annum-on-original-capital-and-salaries-of","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/a-and-b-invest-rs-200000-and-rs-100000-respectively-in-a-partnership-and-agree-to-divide-profit-and-loss-equally-after-providing-for-interest-10-per-annum-on-original-capital-and-salaries-of\/","title":{"rendered":"A and B invest Rs. 2,00,000 and Rs. 1,00,000 respectively in a partnership, and agree to divide profit and loss equally after providing for interest @ 10% per annum on original capital, and salaries of Rs. 24,000 and Rs. 48,000 respectively. How much amount A would get if the period’s net income (before interest and salaries) is Rs. 90,000:"},"content":{"rendered":"

[amp_mcq option1=”Rs. 45,000″ option2=”Rs. 89,000″ option3=”Rs. 36,000″ option4=”Zero” correct=”option3″]<\/p>\n

The correct answer is C.<\/p>\n

A’s share of interest = 200000 * 10\/100 = 20000
\nB’s share of interest = 100000 * 10\/100 = 10000
\nA’s share of salary = 24000
\nB’s share of salary = 48000
\nTotal amount to be paid as interest and salary = 20000 + 10000 + 24000 + 48000 = 92000
\nRemaining profit = 90000 – 92000 = 8000
\nA’s share of profit = 8000\/2 = 4000
\nA’s total share = 4000 + 20000 = 24000
\nSo the answer is 24000<\/p>\n","protected":false},"excerpt":{"rendered":"

[amp_mcq option1=”Rs. 45,000″ option2=”Rs. 89,000″ option3=”Rs. 36,000″ option4=”Zero” correct=”option3″]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[85],"tags":[],"class_list":["post-51935","post","type-post","status-publish","format-standard","hentry","category-accounting","no-featured-image-padding"],"yoast_head":"\nA and B invest Rs. 2,00,000 and Rs. 1,00,000 respectively in a partnership, and agree to divide profit and loss equally after providing for interest @ 10% per annum on original capital, and salaries of Rs. 24,000 and Rs. 48,000 respectively. 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