Question

Ameer and Sudheer are partners sharing profits equally. They are entitled to salaries as follows, Ameer Rs. 6000, Sudheer Rs.4000. The partnership has made a profit of Rs. 15,000. How much is the increase in capital of Mr. Ameer? 

(a) 3500

(b) 3900 

(c) 8500 

(d) 9300

Answer 1

(c) 8500 

Notes: A:S = 1:1 A’s salary 6000 

S’s salary 4000 

Out of Net profit of Rs. 15,000. 

P/L Appropriation A/c:

A will get salary 6000 and share of profit 2500. So increase in capital is Rs. 8500.