| (i) | Interest on capital of A and B is Rs.5,000 and Rs.2,500 respectively and profit for the year before interest on capital is Rs.10,000. | (a) | A = 5700 (Loss), B = 5700 (Loss) |
| (ii) | Interest on capital of A and B is Rs.5,000 and Rs.2,500 respectively and profit for the year before interest on capital is Rs.3,900. | (b) | A = 1250 , B = 1250 |
| (iii) | Interest on capital of A and B is Rs.5,000 and Rs.2,500 respectively and loss for the year before interest on capital is Rs.3,900. | (c) | A = 2600, B = 1300 |
| (iv) | On capital (Charge) of A and B is Rs.5,000 and Rs.2,500 respectively and loss for the year before interest on capital is Rs.3900. | (d) | A = 1950 (loss), B = 1950 (Loss) |
A) (i) b ; (ii) c ; (iii) a; (iv) d
B) (i) b ; (ii) c: (iii) d; (iv) a
C) (i) b ; (ii) a; (iii) d ; (iv) c
D) (i) b; (ii) d; (iii) c, (iv) a
Correct Answer: B
Solution :
(i) b ; (ii) c: (iii) d; (iv) a
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