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Answer



Working Notes:
Calculation of Interest on Capital:
77,000*12/100*3/12 = 2310 Rs
Calculation of Share of Profit:
Average Profit = (2,04,000+1,80,000+90,000-57,000)/4 = 1,04,250 Rs
Dev’s share of profit = 1,04,250*3/12*2/5 = Rs 10,425
Calculation of Share of Debit balance in P&L A/c
57,000*2/5 = Rs 22,800.

Q11 P1 Page -

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Working Notes:
Calculation of Interest on Capital:
77,000*12/100*3/12 = 2310 Rs
Calculation of Share of Profit:
Average Profit = (2,04,000+1,80,000+90,000-57,000)/4 = 1,04,250 Rs
Dev’s share of profit = 1,04,250*3/12*2/5 = Rs 10,425
Calculation of Share of Debit balance in P&L A/c
57,000*2/5 = Rs 22,800.

Q11 P1 Page -

Answer


Working Notes:
Calculation of Interest on Capital:
77,000*12/100*3/12 = 2310 Rs
Calculation of Share of Profit:
Average Profit = (2,04,000+1,80,000+90,000-57,000)/4 = 1,04,250 Rs
Dev’s share of profit = 1,04,250*3/12*2/5 = Rs 10,425
Calculation of Share of Debit balance in P&L A/c
57,000*2/5 = Rs 22,800.

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