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Answer the following questions using the information given below. Partner's Current Account A (Rs.) B (Rs.) B/F 2016.04.01 60.000 H/F 2016 04.01 Cash 20.000 Rent

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Answer the following questions using the information given below. Partner's Current Account A (Rs.) B (Rs.) B/F 2016.04.01 60.000 H/F 2016 04.01 Cash 20.000 Rent Cost of sales 35,000 wages Interest on drawings 5,000 - Interest on capitals 2017.03.31 Cid 80.000 250.000 Share of profit 165.000 285.000 A (Rs.) B (RA) 50.000 60.000 100.000 120.000 40.000 30,000 25.000 25.000 165.000 285.000 A (Rs.) 30.000 Capital Account B (Rs.) 2016.04.01 BF 1,030,000 A (Rs.) 1.000.000 B (Rs.) 750.000 Goodwill 2017.03.31 Cid 970,000 250.000 30.000 1.000.000 1.030.000 1.000.000 1.030.000 April 2015 Calculate the value of Equity of the partnership A Rs. 1.000.000 B. Rs. 1.700,000 C. Rs. 1.740.000 D. Rs. 1.750,000 9. Calculate the net profit of the partnership for the year ended 31" March 2017 A. Rs. 50.000 B. Rs 340,000 C. Rs. 280,000 D. Rs. 335.000 10. According to the partnership agreement, partners have agreed to pay a minimum annual income to B and it has already been adjusted when distributing the profit. What is the minimum annual income agreed to pay for B? A. Rs. 25,000 B. Rs. 210,000 C. Rs. 175,000 D. Rs. 275.000

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