Ruchika and Harshita were partners in a firm. Ruchika had withdrawn rupee 9,000 at the end of each quarter throughout the year. The interest to be charged on Ruchika’s drawings at 6% p.a. will be:
Show Hint
- rupee 540
- rupee 2,160
- rupee 1,080
- rupee 810
The Correct Option is D
Solution and Explanation
The total drawings at the end of each quarter = rupee 9,000.
The average period for quarterly drawings = 7.5 months (or 7.5/12 years). \[ \text{Interest} = \text{Total Drawings} \times {Rate} \times {Time} \] \[ \text{Interest} = rupee 36,000 \times 6\% \times \frac{7.5}{12} = rupee 810 \]
Top Questions on Partnership
- Rohit, Mohit and Sandeep were partners in a firm sharing profits and losses in the ratio of 5 : 3 : 2. On 1st April, 2020, Rohit retired. On the date of retirement ₹ 6,00,000 were due to him. Mohit and Sandeep agreed to pay Rohit in four equal yearly instalments plus interest @ 9% p.a. on the unpaid balance starting from 31st March, 2021. The firm closes its books on 31st March every year.
Prepare Rohit’s Loan Account till it is fully paid. - Guru, Samta and Prakash were partners in a firm sharing profits and losses in the ratio of 2 : 3 : 5. On 31st March, 2024, their Balance Sheet was as follows: \begin{center} Balance Sheet of Guru, Samta and Prakash as at 31\textsuperscript{st March, 2024} \end{center} \begin{tabular}{|p{4cm}|r|p{7cm}|r|} \hline Liabilities & Amount (₹) & Assets & Amount (₹)
\hline Creditors & 4,20,000 & Cash at Bank & 3,10,000
Mrs. Guru’s Loan & 5,00,000 & Stock & 6,00,000
Samta’s Loan & 4,40,000 & Debtors & 3,90,000
& & Less: Provision for doubtful debts & (10,000)
& & & 3,80,000
Capitals: & & Land and Building & 4,14,000
Guru & 3,00,000 & Plant and Machinery & 9,00,000
Samta & 5,00,000 & &
Prakash & 4,44,000 & &
\cline{2-2} Total & 26,04,000 & Total & 26,04,000
\hline \end{tabular} On the above date the firm was dissolved and the following transactions took place :
(i) Debtors were taken over by creditors in full settlement of their account.
(ii) 50% of stock was taken over by Samta at 10% less than book value. Remaining stock sold at 20% profit.
(iii) Land and Building taken over by Prakash for ₹ 20,00,000.
Plant and Machinery sold as scrap for ₹ 1,00,000.
(iv) Guru agreed to pay off Mrs. Guru’s loan.
(v) Realisation expenses amounted to ₹ 56,000.
Prepare the Realisation Account. - Prathma, Madhyama and Tritiya were partners in a firm sharing profits and losses in the ratio of 2 : 2 : 1. On 1st April, 2023, their capital accounts showed balances of ₹ 10,00,000, ₹ 8,00,000 and ₹ 6,00,000 respectively. The partnership deed provided for interest on capital @ 10% p.a. Show the treatment of interest on capital in the following cases:
[(i)] During the year ended 31st March, 2024, the firm earned a profit of ₹ 3,00,000.
[(ii)] During the year ended 31st March, 2024, the firm earned a profit of ₹ 1,20,000. - Sameer and Sohan were partners in a firm sharing profits and losses in the ratio of 4 : 3. On 1st April, 2024, they admitted Sudarshan as a new partner. The new profit sharing ratio on Sudarshan’s admission was 2 : 3 : 2. Sohan’s sacrifice on Sudarshan’s admission was:
- Bharat and Ishu were partners in a firm sharing profits and losses in the ratio of 4 : 1. Rishab was admitted into partnership for \(\frac{1}{4}\) share in the profits of the firm. Goodwill of the firm was valued at 4,00,000. Rishab brought 2,00,000 as his capital and 60,000 out of his share of goodwill premium in cash. At the time of Rishab’s admission, goodwill was appearing in the books of the firm at 50,000.
Pass necessary journal entries for the above transactions in the books of the firm on Rishab’s admission.
Questions Asked in CBSE CLASS XII exam
संचार का सबसे पुराना और लोकप्रिय माध्यम होने पर भी समाचार-पत्रों की तुलना में टी.वी. की लोकप्रियता का कारण लिखिए। (शब्द सीमा — लगभग 40 शब्द)
धरती के तापमान में वृद्धि के लिए ‘अपना मालवा खाओ–उजाड़ सभ्यता में….’ पाठ में किसे जिम्मेदार ठहराया गया है? क्या इस तापमान वृद्धि में हमारी भी कोई भूमिका है? हम धरती के तापमान को नियंत्रित कैसे रख सकते हैं?
- CBSE CLASS XII - 2025
- हिंदी साहित्य
‘इसे सेस, सारथी भी नहीं बचा सकतें’ - ‘बिस्कोहर की माटी’ पाठ में यह कथन किस संदर्भ में कहा गया है? इसका क्या आशय है? इस संदर्भ में अपने विचार स्पष्ट कीजिए।
- CBSE CLASS XII - 2025
- हिंदी साहित्य
झोंपड़ी जला दिए जाने के बाद भी सूरदास का किसी से प्रतिशोध न लेना, उसके स्वभाव की किस विशेषता को दर्शाता है? सूरदास जैसे चरित्र की वर्तमान समय में क्या प्रासंगिकता है? स्पष्ट कीजिए।
- CBSE CLASS XII - 2025
- हिंदी साहित्य
निम्नलिखित गद्यांश की सप्रसंग व्याख्या कीजिए :
नाम बड़ा है या रूप? पद पहले है या पदार्थ?
पदार्थ सामने है, पद नहीं सूझ रहा है।
मन व्याकुल हो गया।
स्मृतियों के पंख फैलाकर सुदूर अतीत के कोनों में झाँकता रहा।
सोचता हूँ इसमें व्याकुल होने की क्या बात है?
नाम में क्या रखा है – 'बाह्यद देस्सर इन द नेम'!
नाम की ज़रूरत ही हो तो सौ दिए जा सकते हैं।
सुस्मिता, गिरिकांता धरतीधकेल, पहाड़फोड़, पातालभेद!
पर मन नहीं मानता।
नाम इसलिए बड़ा नहीं है कि वह नाम है।
वह इसलिए बड़ा होता है कि उसे सामाजिक स्वीकृति मिली होती है।
रूप व्यक्ति सत्य है, नाम समाज सत्य।
नाम उस पद को कहते हैं जिस पर समाज की मुहर लगी होती है।
आधुनिक शिक्षित लोग जिसे ‘सोशल सेन्शन’ कहते हैं।- CBSE CLASS XII - 2025
- गद्यांश पर आधारित प्रश्न