Question : Ram and Mohan are partners. They draw for personal use Rs. 6,000 and Rs. 4,000 respectively. Interest is chargeable @ 6% per annum on drawings. What is the interest on drawings?

Option 1: Ram Rs. 180, Mohan Rs. 120

Option 2: Ram Rs. 360, Mohan Rs. 240

Option 3: Ram Rs. 30, Mohan Rs. 20

Option 4: None of these

Question : Ram and Mohan are partners. They draw for personal use Rs. 6,000 and Rs. 4,000 respectively. Interest is chargeable @ 6% per annum on drawings. What is the interest on drawings?

Option 1: Ram Rs. 180, Mohan Rs. 120

Option 2: Ram Rs. 360, Mohan Rs. 240

Option 3: Ram Rs. 30, Mohan Rs. 20

Option 4: None of these

Question : Ram and Mohon are Partners with a capital of Rs 37500 and Rs 22,500, respectively. Interest Payable on capital @ 10% p.a. Find the interest on capital credited to both partners when the Profit earned by the firm is Rs 3600.

Option 1: Rs 3,750, Rs 2,250.

Option 2: Rs 1,800, Rs 1,800

Option 3: Rs 2,250, Rs 1,350

Option 4: None of these.

Question : Ram and Mohon are Partners with a capital of Rs 37500 and Rs 22,500, respectively. Interest Payable on capital @ 10% p.a. Find the interest on capital credited to both partners when the Profit earned by the firm is Rs 3600.

Option 1: Rs 3,750, Rs 2,250.

Option 2: Rs 1,800, Rs 1,800

Option 3: Rs 2,250, Rs 1,350

Option 4: None of these.

Question : A and B are equal partners with capitals of Rs.2,00,000 and Rs.1,00,000 respectively. As per deed, they are allowed an interest @ 8% p.a. on capital. During the year, the firm earned a profit of Rs.12,000. Interest on capital allowed to A and B will be:

Option 1: Rs.16,000 and Rs.8.000 respectively

Option 2: Rs.8,000 and Rs.4,000 respectively

Option 3: Nil

Option 4: Rs.6,000 each

Question : A, B and C are partners, sharing profits in the ratio 5:3:2 with fixed capital of Rs.80,000, Rs.60,000 and Rs.20,000 respectively. Partners are entitled to interest on their capital @ 10% p.a. During the year firm earned a profit of Rs.11,200. The amount of interest on capital payable to A, B and C will be:

Option 1: Rs.4,000, Rs.3,000, Rs.2,000

Option 2: Rs.5,600, Rs.4,200, Rs.1,400

Option 3: Rs.8.000, Rs.6,000, Rs.2,000

Option 4: Rs.1,400, Rs.4,200, Rs.5,600