Adjustments

When dates are not given the average period is taken as six months. Interest on total drawings ₹120000 for six months is ₹3600.

Interest is charged on ₹150000 for the full year and ₹50000 for six months. Total interest is ₹18000 plus ₹3000 equal to ₹21000.

The capital withdrawal affects six months. Reduction is (60000 \times 10% \times \frac{6}{12}) equal to ₹3000.

Direct answer: Option A, ₹40,000. First divide the total profit of ₹70,000 in the ratio 3:2. Total parts are 5. A’s normal share is ₹70,000 × 3/5 = ₹42,000. B’s normal share is ₹70,000 × 2/5 = ₹28,000. B is guaranteed at least ₹30,000, so B has a deficiency of ₹30,000 − ₹28,000 = ₹2,000. The question says A gives the guarantee, so A bears this deficiency. A’s final share is ₹42,000 − ₹2,000 = ₹40,000. Option A is correct. Option B, ₹42,000, is only A’s normal share before meeting the guarantee. Option C, ₹38,000, deducts the deficiency incorrectly or twice. Option D, ₹35,000, has no basis in the 3:2 division or the guarantee adjustment. Check: A ₹40,000 + B ₹30,000 = ₹70,000, so the entire profit is accounted for. Memory cue: calculate normal shares, find the guaranteed partner’s shortfall, and deduct that shortfall from the guarantor.

After deducting appropriations of ₹40000 the balance is ₹50000. B gets one fifth of the balance ₹10000 plus interest ₹15000.

First deduct A’s salary and B’s commission from the total profit: ₹1,25,000 − ₹15,000 − ₹10,000 = ₹1,00,000. This remaining profit is divided in the ratio 2:2:1. Since the total of the ratio is 5, C receives \(1/5\) of the balance: ₹1,00,000 × \(1/5\) = ₹20,000. Therefore, option A is correct. Exam tip: Deduct appropriations such as salary and commission before distributing the remaining profit in the profit-sharing ratio.

Excess debit side creates appropriation loss. It is debited to partners in the loss sharing ratio.

Wrong shares were A ₹90000 and B ₹30000 while correct shares are A ₹48000 and B ₹72000. So ₹42000 is transferred from A to B.

The direct answer is option A: credit A ₹9000 and debit B ₹9000. The correct salary was ₹20000, but only ₹2000 was recorded, so A was under-credited by ₹18000. A should receive this missing amount, but the extra salary reduces divisible profit by ₹18000. Because A and B share equally, each partner bears ₹9000 of that reduction. A's net improvement is therefore ₹18000 salary credit minus ₹9000 reduced profit share = ₹9000. B bears the other ₹9000. Thus the rectification is credit A ₹9000 and debit B ₹9000. Option B ignores the equal sharing effect. Option C treats the whole correction as A's net benefit and is too high. Option D is wrong because the records are incorrect. Memory cue: for an omitted appropriation, find the omitted amount, then apply the profit-sharing effect.

Additional interest of ₹4000 is recoverable from B but B gets back three fifth through increased profit. Net burden is ₹1600.

Commission is (110000 \times \frac{10}{110}=10000). Adding half of remaining ₹100000 gives A ₹60000.

Household rent is a personal expense of the partner. When paid by the firm it is treated as drawings and A's account is debited.

Direct answer: Option A. Goods taken by a partner for personal use are drawings, not business sales. Because the goods were incorrectly recorded as sales, sales revenue is overstated by ₹15,000 and the goods or purchases effect is also wrong. The correction is to remove ₹15,000 from sales and debit A's drawings or current account by ₹15,000, showing that A has withdrawn value from the firm. The profit-sharing ratio 3:2 does not change this basic correction; it would matter only if an error had already affected divisible profit and an adjustment among partners were required. Option A states both necessary actions. Option B is wrong because B did not take the goods. Option C is wrong because private withdrawal is not distributable profit. Option D is wrong because the books contain an error. Memory cue: business sale means customer pays; partner's personal taking means drawings.

Partner salary is allowed only when the deed provides for it. Under a silent deed it is not treated as an appropriation.

Under a silent deed neither interest on capital nor interest on drawings applies automatically. Partner's loan rule is different.

C's interest on capital is ₹15000. After total interest ₹30000 the balance ₹60000 gives C ₹20000 so total should be ₹35000.

Direct answer: Option A, ₹35,000. Interest on capital is calculated separately for each partner at 6%. A receives ₹100,000 × 6% = ₹6,000. B receives ₹150,000 × 6% = ₹9,000. C receives ₹250,000 × 6% = ₹15,000. Total interest on capital is ₹30,000. The firm’s profit is ₹90,000, so the profit remaining after interest is ₹90,000 − ₹30,000 = ₹60,000. Since the profit-sharing ratio is equal, the remaining amount is divided equally: ₹60,000 ÷ 3 = ₹20,000 for each partner. C’s total share is his capital interest plus his equal share of the remainder: ₹15,000 + ₹20,000 = ₹35,000. Option A is correct. Option B, ₹45,000, overstates C’s amount. Option C, ₹30,000, omits C’s share of residual profit. Option D, ₹40,000, uses an incorrect addition or division. This assumes the profit is sufficient to provide the stated interest. Memory cue: partner’s total receipt here equals interest on capital plus equal share of the balance.

Wrong interest given was A ₹18000 and B ₹12000. Comparing with correct amounts B should receive ₹18000 from A.

Total salary ₹24000 is charged in the 2:1 ratio. Comparing each partner's salary due with burden gives a net ₹4000 in B's favour.

C's normal share is ₹45000 which is more than the guarantee. There is no deficiency so A's normal share remains ₹15000.

C's normal share is ₹30000 and deficiency is ₹10000. A bears half deficiency ₹5000 so his share becomes ₹35000.

Interest on capital payable in all circumstances increases the loss. So total loss to be distributed is ₹60000 plus ₹25000 equal to ₹85000.

The income belongs to the firm, not exclusively to A, so it should have been included in the firm’s profit and distributed in the agreed ratio of 3:2. On rectification, A’s capital account is debited to remove the wrongly credited ₹20,000, and the firm’s income or profit account is credited. The correct distribution gives B 2/5 of the income: ₹20,000 × 2/5 = ₹8,000. Therefore, option A is correct. A’s corresponding share is ₹12,000, while ₹20,000 is the total income, not B’s gain. ₹4,000 does not arise from the stated ratio. The correction restores B’s omitted profit entitlement.