CBSE 2024 · Region 4 · Set 3 · Q12

Vanya and Aanya were partners in a firm sharing profit and losses in the ratio of $\displaystyle 3$:2. Their capital were ₹ $\displaystyle 5,00,000$ and ₹ $\displaystyle 1,00,000$ respectively. Vanya was entitled to interest on capital @ $\displaystyle 8$% p.a. and Aanya was entitled to salary @ ₹ $\displaystyle 5,000$ per month. The net profit before any appropriation was ₹ $\displaystyle 1,75$,000. Vanya's share in divisible profit will be :

OR

Omkar and Shiva were partners in a firm. Omkar was entitled to a salary of ₹ $\displaystyle 20,000$ p.a. while Shiva was entitled to a salary of ₹ $\displaystyle 50,000$ p.a. Net profit for the year ended 31st March, $\displaystyle 2023$ after charging salary of Omkar and Shiva was ₹ $\displaystyle 5,60$,000. The total amount credited to Omkar's capital account will be :