CBSE 2023 · Region 4 · Set 1 · Q14

Keshav, Krishna and Murari were in partnership sharing profits and losses in the ratio of $\displaystyle 3$ : $\displaystyle 2$ : 1. Their fixed capitals were : ₹ $\displaystyle 12,00,000$, ₹ $\displaystyle 10,00,000$ and ₹ $\displaystyle 8,00,000$ respectively. It was agreed that interest on capital will be allowed at $\displaystyle 10$% per annum. Partners were entitled to salaries as follows : Keshav ₹ $\displaystyle 5,000$ per month and Krishna ₹ $\displaystyle 3,000$ per quarter. Profit of the firm for the year ended 31st March, $\displaystyle 2022$ was ₹ $\displaystyle 6,72$,000. Amount of profit transferred to Partners' Current Accounts was :