Question : P, Q and R were partners in a firm sharing profits in a 2:2:1 ratio. The Partnership Deed provided that on the death of a partner his executors will be entitled to the following:
(a) Interest on Capital @ 12% p.a.
(b) Interest on Drawings @ 18% p.a.
(c) Salary of Rs. 12,000 p.a.
(d) Share in the profit of the firm (up to the date of death) on the basis of the previous year's profit.

P died on 31st May 2020. His capital was Rs. 80,000. He had withdrawn Rs. 15,000 and interest on his drawings was calculated as Rs. 1,200. The profit of the firm for the previous year ended 31st March 2020 was Rs. 30,000.
Question:
The amount of interest on capital are

Option 1: Rs 9,600

Option 2: Rs 2,400

Option 3: Rs 1,600

Option 4: None of the above

Question : P, Q and R were partners in a firm sharing profits in 2:2:1 ratio.The Partnership Deed provided that on the death of a partner his executors will be entitled to the following:
(a) Interest on Capital @ 12% p.a.
(b) Interest on Drawings @ 18% p.a.
(c) Salary of Rs. 12,000 p.a.
(d) Share in the profit of the firm (up to the date of death) on the basis of previous year's profit.
P died on 31st May, 2020. His capital was Rs. 80,000 . He had withdrawn Rs. 15,000 and interest on his drawings was calculated as Rs. 1,200. Profit of the firm for the previous year ended 31st March, 2020 was Rs. 30,000.
Question:
Interest on Drawings is

Option 1: Rs 1,200

Option 2: Rs 1,800

Option 3: Rs 300

Option 4: None of the above

Question : P, Q and R were partners in a firm sharing profits in 2:2:1 ratio.The Partnership Deed provided that on the death of a partner his executors will be entitled to the following:
(a) Interest on Capital @ 12% p.a.
(b) Interest on Drawings @ 18% p.a.
(c) Salary of Rs. 12,000 p.a.
(d) Share in the profit of the firm (up to the date of death) on the basis of previous year's profit.
P died on 31st May, 2020. His capital was Rs. 80,000 . He had withdrawn Rs. 15,000 and interest on his drawings was calculated as Rs. 1,200. Profit of the firm for the previous year ended 31st March, 2020 was Rs. 30,000.
Question:
Interest on Drawings is

Option 1: Rs 1,200

Option 2: Rs 1,800

Option 3: Rs 300

Option 4: None of the above

Question : P, Q and R were partners in a firm sharing profits in 2:2:1 ratio. The Partnership Deed provided that on the death of a partner his executors will be entitled to the following:
(a) Interest on Capital @ 12% p.a.
(b) Interest on Drawings @ 18% p.a.
(c) Salary of Rs. 12,000 p.a.
(d) Share in the profit of the firm (up to the date of death) on the basis of previous year's profit.

P died on 31st May, 2020. His capital was Rs. 80,000 . He had withdrawn Rs. 15,000 and interest on his drawings was calculated as Rs. 1,200. Profit of the firm for the previous year ended 31st March, 2020 was Rs. 30,000
Question:
Amount transferred to his executor's account are

Option 1: Rs 85,600

Option 2: Rs 69,400

Option 3: Rs 94,600

Option 4: None of the above

Question : P, Q and R were partners in a firm sharing profits in 2:2:1 ratio. The Partnership Deed provided that on the death of a partner his executors will be entitled to the following:
(a) Interest on Capital @ 12% p.a.
(b) Interest on Drawings @ 18% p.a.
(c) Salary of Rs. 12,000 p.a.
(d) Share in the profit of the firm (up to the date of death) on the basis of previous year's profit.

P died on 31st May, 2020. His capital was Rs. 80,000 . He had withdrawn Rs. 15,000 and interest on his drawings was calculated as Rs. 1,200. Profit of the firm for the previous year ended 31st March, 2020 was Rs. 30,000
Question:
Amount transferred to his executor's account are

Option 1: Rs 85,600

Option 2: Rs 69,400

Option 3: Rs 94,600

Option 4: None of the above