ACCOUNTING FRIEND
Monday, 18 September 2017
Wednesday, 6 September 2017
Worksheet to speed up your Accountancy calculation
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Worksheet to speed up your calculation
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Chapter Name : Accounting for Partnership - Fundamentals
Name of Topic : Calculation of Interest on Capital
Name Of Student :
Instructions
1.
Bring
your maximum concentration for solving problem.
2.
Try to
read all questions carefully.
3.
Try to
solve the problem with in the stipulated time.
4.
Create a
mind map while solving the problem.
5.
Improve
your speed with conscious thoughts.
6.
The question
number column includes the time with in which you have to solve the problem.
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Q.1
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Jayna, Reshma and Nain
entered into partnership, bringing in Rs. 3,00,000, Rs. 2,00,000 and Rs.
1,00,000 respectively into the business. They decided to share profits and losses
equally and agreed that interest on capital will be provided to the partners @10
per cent per annum. Calculate the Interest on Capital of Partners.
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Answer
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Calculation of Interest on Capital of Partners:
Jayna = 300000 ×
= 30000
Reshma = 200000 ×
= 20000
Jayna = 100000 ×
= 10000 |
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Q.2
[ 5 minutes]
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Raju,
Peter and Nivin entered into partnership, bringing in Rs. 2,10,000, Rs. 2,50,000
and Rs. 1,50,000 respectively into the business. They decided to share
profits and losses equally and agreed that interest on capital will be
provided to the partners @12 per cent per annum. Calculate the Interest on
Capital of Partners.
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Answer
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Q.3
[ 3 minutes]
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Jeevan,
Athri and Ram entered into partnership, bringing in Rs. 2,80,000, Rs. 3,50,000
and Rs. 4,50,000 respectively into the business. They decided to share
profits and losses equally and agreed that interest on capital will be
provided to the partners @15 per cent per annum. Calculate the Interest on
Capital of Partners.
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Answer
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Q.4
[ 1 minutes]
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Neethu,
Sheeja and Rama entered into partnership, bringing in Rs. 2,40,000, Rs. 1,55,000
and Rs. ,75,000 respectively into the business. They decided to share profits
and losses equally and agreed that interest on capital will be provided to
the partners @15 per cent per annum. Calculate the Interest on Capital of
Partners.
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Answer
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Suggestions By The Teacher :
Friday, 1 September 2017
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