Vinod, Rishi and Gagan are partners sharing profits in the ratio of 5:3:2. They decided on 1 October 2020 that their capital should be 4,00,000 each. To keep their capital 4,00,000 each, on that date, Vinod brought Rs.1,00,000; Rishi 1,50,000 and Gagan withdrew capital Rs.50,000.
Vinod withdrew Rs. 1,20,000 on 30 April 2020 for personal use against the anticipated profits. Gagan took some goods for personal use worth Rs.60,000 during the year. Interest on capital to be provided @2% p.a. and interest on drawings @10% p.a.
Net Loss at the end of the year was Rs. 3,000
before providing above.
other than Capital, Drawings, interest on drawings, what amount is to be transferred to Gagan's Capital A/C?
(a) 4,250
(b) 4,000
(c) 600
(d) 2,200