13 Tarun an d Va run arc pa rtn · · g pro fi · th

ers in a finn sha nn

{ca r 20 22 -23 , Va run 's dra 11s m er a t·10 of 3·· l · Du rin g th e fin anc ial
wi n gs we re as un der:
t I 0 ,00 0 on I ' 1 June to oav the
ho
t 2 S.0 00 on 111 Jul y to pay the use ren t
o ((ic e ren t
t 12 .000 on 31 " Au l!U st 10 na
v for so n's sch oo l fee
{ 16 .00 0 on I " No ve mb
er to ouv for his life ins ura
t 13 .00 0 on 31st De cem be r to nc e nre mi um
pay Ho use Tax
t 9,0 00 on 111 Feb rua ry ou t o f
his cap ita l
Ta run wi thd rew t I 0,0 00
at the e nd of ev ery qu art
20 22 fro m the cap ital. er. I le als o w ith dre w t 50
,00 0 o n I s1 Oc tob er
Ca lcu lat e intercs1 on dra
wi ng s ofT aru n an d Va run
2023 . @ 8 % p.a. for the yea r
en de d 3 1st Ma rc h

14 Pari. Ar sh an d Mouli k we re
pa rtn ers. Th ei r ii>:::r. ··~~
t2,00 ,00 0 an d Mo uli k- t
2,5 0,0 00 res pec tiv ely . /,-,
;;,.is we re Pari- t 1.00 ,00 0;
Ar sh-
en titl ed 10 an int ere st on ..,urding tu the Pa rtn ers hip -1
cap ital @ IO % p .a. In ad De ed , the y we ~
t 20 ,00 0 aft er ev ery ::;ll. mo nfr1 dit ion . Arsh wa s ent itle d
to dra w a ,;a\ ary of
s.-M ou lik was en titl ed to a co mm iss io n of 10
aft er ch arg ing int ere st o % on tl,e pro fits
::. cap ita l, bu t be for e ch arg
ye ar t 1.J.Q.Q.D.O wa s J;; ing sal ary pa yab le 10 Ar.
;tri bu ted in the rat io of cap sh. Net Pro fit for the
ad jus tm en ts . Th e pro fi i tal s wi tho ut pro vid ing
ts we re to be sha red in for an y of thc ab ov e
sho wi ng the w o rki ng s the rat io of _~ 2. Pass
c lea rl y. • •• nec ess ary ad jus tm en t en try
OR
Ra mya. M an ya an d K am
ya
t 3 ,00 ,00 0; t l .S0 ,00 0 an arc partn..:rs in a fir m. Th eir cap ita ls on \ '' A.on\
d~ 1,5 0 ,00 0 rcs pe oli ve ly. . 20 22 we re
As per \he pro vis ion s of
the de
( i) Ka my a wa s to be all ed :
ow ed a remunera tio n of
(ii) int ere st @ S % p.a. , 36 ,00 0 pe r an nu m.
wa s to be ch arg ed on the
J uly , 20 22 wa s~ 50 ,00 0 dra wi ngs. Dr nw ings ma
an d by Ma ny a du rin g the de by Ra my a o o t"
ye ar wa s~ 70,000.
( iii) rro fits to be dis trib
lg,n ori ng ihc ab ove 1e nns ute d in_Lhe ruti o o f 2:2
~ .
'
, nc l pro fit uf ~ 1,8 0,0 : ) · .
dis trib ull:d am on g the thr 00 lor lhi: yeu r end ed J I .. , .,
ee purt.n crs eq ual ly. ~lurch . _023 wa s

Pa ss the jou rna l ent rie s , ,

to rcc lify ihc uh ov c crm
rs.
. d Snshti ure par u,c rs in
I 5 S uIo n1 an . a lin n . T hc1r capitn
bal un ce o ft 2,0 0,0 00 a Id t 3 00 00 0 rus pcctivcly. Onl m:et>lUIIS as ,111 '." Ap rt l ,:?od022 ~~;~wcJ .1 4
1 I'' Jul y. :w n. Su lo111 intr u1.: c
a I c11pituI on 50 •00 0 an d Sn s 1Ill "4 1 , ll() l)· l>,·, I" t)c tuh ci 1022 Sul,ini withdrc\\
udd111· • ' •• ( ()

t 30 00 on 0 an d on I'' January, 20 23 , ·I . . . ~ I 5 OOO frum lhcir cap' .

1 J r_cw
• 7 . ..
Sm 111 111111 ' ttuls. lnh.:rc~I 1,
·1II• ed @ 8% p.a . on cup
' ow · ita ls c,•l.!n in. 9_1sc o l los
bl ~
c 11 \culu1e mt erl!SI paya c on cap ita l to bu th lhc pu11111:1s du rin g . . .· I
A \so pu ss the jou rna l cnt lllc lin: .uK lll } '-'..•1r -J0'->'-
- -
10 23 .
ril.!s us on 31 " Ma rch ,20
2).

' .