Yogesh, Ajay and Atul are partners sharing profits in the ratio 4 : 3 : 2. Yogesh withdraw Rs.3,000 in the begining of every month. Ajay withdraws Rs.2,000 in the middle of every month whereas Atul withdraws Rs. 1,500 at the end of every month. Interest on capitals and drawings is to calculated @ 12% p.a. Ajay is also to be allowed a salary of Rs.1,000 per month. After deducting salary but before charging anu type of interest, the profit for the year ending 31st December, 1997 was Rs.1,14,780. Prepare Profit & Looss Appropriation Account, Partners Capital Accounts and Current ccounts fro the additional information given below:

A and C are partners with fixed capitals of the Rs.2,00,000, Rs. 1,50,000 and Rs.1,00,000 respectively. THe balance of current accounts on 1st January, 2004 were A Rs.10,000 (Cr.) and B Rs.4,000 (Cr.) and C Rs.3,000 (Dr.). A gave a loan to the firm of Rs.25,000 on 1st July, 2004. THe Partnership deed provided for the following:-
(i) Interest on Capital at 6%.
(ii) Interest on drawings at 9%. Each partner drew Rs.12,000 on 1st July, 2004.
(iii) Rs.25,000 is to be transferred in a Reserve Account.
(iv) Profit sharing ratio is 5 : 3 : 2 upto Rs.80,000 and above Rs.80,000 equally. Net Profit of the firm before above adjustment was Rs.1,98,360.
From the above information prepare Profit and Loss Appropriation Account, Capital and Current Accounts of the partners.

P and Q are partners with capitals of Rs.6,00,000 and Rs.4,00,000 respectively. The profit and Loss Account of the firm showed a net Profit of Rs.4,26,800 for the year. Prepare Profit and Loss account after taking the following into consideration:-
(i) Interest on P's Loan of Rs.2,00,000 to the firm
(ii) Interest on 'capital to be allowed @ 6% p.a.
(iii) Interest on Drawings @ 8% p.a. Drawing were; P Rs.80,000 and Q Rs.1000000
(iv) 10% of the divisible profits is to be kept in a Reserve Accounts.

From the following balance sheet of Raju and Jaggu, Calculate interest on capital @6% per annum payable to Jaggu for the year ended 31st march,2018
                                     Balance Sheet
                                as at 31st March, 2018

During the year, Jaggu's drawings were Rs.30,000 and profit during 2017-2018 was Rs.60,000

Karishma and Sheena contributed Rs.40,000 and Rs.20,000 respectively. They decide to allow interest on capital @ 6% per annum. their respective share of profits is 2 : 3 and the firm's profit (before interest) for the year is Rs.3,000. this profit has been credited to their accounts. Show the amount of interest allowed to each partner
(i) where there is no agreement except for interest on capital and
(ii) where there is is a clear agreement that the interest on capital will be allowed even if it involves the firm in loss.

Rich and Kanika are partners in a business. Their capitals at the end of the year were Rs.48,000 and Rs.36,000 respectively. During the year ended 31st march, 2018 Richa's drawings and Kanika's drawings were Rs.8,000 and Rs.12,000 respectively Profit (belong charging interest on capital) during the year was Rs.32,000 which was duly credited to their accounts in their profit sharing ratio calculate the capital @ 5% for the year ended 31st march, 2018.

X and Y are partners doing a dry cleaning business in Agra, Sharing profits in the ratio 2:1 with capital of Rs.5,00,000 and Rs.4,00,000 respectively. X withdrew the following amounts during the year to pay the hostel expenses of her son.

y withdrew Rs.15,000 on the first day of April, July, October and January to pay rent for the accommodation of his family.He also paid Rs.20,000 per month as rent for the office of partnership which was in a nearby shopping complex.Calculate interest on drawings @ 6% per annum.

Raj and Sameer are partners sharing profits equally.Raj withdrew regularly Rs 8000 at the end of every month for six months ended 30th September 2017. Calculate interest on drawings @ 5% per annum.

L and M are partners sharing profits equally, L withdrew regularly Rs 8,000 in the beginning of every month for six months ended 30th September 2017. Calculate interest on drawings @5% per annum

X and Y, two partners, drew for private use Rs 2,40,000 and Rs 1,60,000. Interest is chargeable @6% per annum on the drawings. What is the total interest?