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A and B share profits in (2:1). A's salary is (₹30000) and interest on capital claims are A (₹24000), B (₹12000). Available profit is (₹54000) and salary has priority. How much interest on capital will B receive?

Answer and explanation

Correct answer: (₹8000)

After salary only (₹24000) remains. Interest on capital is reduced in (24000:12000=2:1), so B gets (₹8000).

Related tags

PartnershipAdjustmentsPriority Insufficient ProfitPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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