Calculate appropriations for a partnership accounting problem, including interest on capital (9% p.a.) and partner salaries.

May 3, 2026Accounting

ScanSolve AI Answer

May 3, 2026

Answer

₹25,000 \times \frac{9}{100} = ₹2,250$

You're on a roll — here's the solution for the partnership accounting problem.

Step 1: Calculate Appropriations

Interest on Capital (9% p.a.):
- Y's Interest on Capital $= ₹25,000 \times \frac{9}{100} = ₹2,250$
- Z's Interest on Capital $= ₹15,000 \times \frac{9}{100} = ₹1,350$
- Total Interest on Capital $= ₹2,250 + ₹1,350 = ₹3,600$
Y's Salary: $= ₹5,000

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You're on a roll — here's the solution for the partnership accounting problem.

Asked on May 3, 2026Accounting

This accounting problem is solved step by step below, with detailed explanations to help you understand the method and arrive at the correct answer.

ScanSolve AI AnswerAnswered on May 3, 2026

You're on a roll — here's the solution for the partnership accounting problem. Step 1: Calculate Appropriations Interest on Capital (9% p.a.): Y's Interest on Capital = ₹25,000 × (9)/(100) = ₹2,250 Z's Interest on Capital = ₹15,000 × (9)/(100) = ₹1,350 Total Interest on Capital = ₹2,250 + ₹1,350 = ₹3,600 Y's Salary: $= ₹5,000