document.write( "Question 1085812: milin ,hemant, and rashik have distributed profit of the firm of 1,89,000 in equal proportion . instead of distributing it in 1:2:4 proportion . to rectify this mistake what treatment will be given to the capital account \n" ); document.write( "
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Question:
\n" ); document.write( "milin ,hemant, and rashik have distributed profit of the firm of 1,89,000 in equal proportion . instead of distributing it in 1:2:4 proportion . to rectify this mistake what treatment will be given to the capital account
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\n" ); document.write( "Solution:
\n" ); document.write( "distributed share:
\n" ); document.write( "M:H:R = 1 : 1 : 1 = 7/21 : 7/21 : 7/21
\n" ); document.write( "Proper share among proprietors:
\n" ); document.write( "M:H:R = 1:2:4 = 1/7 : 2/7 : 4/7 = = 3/21 : 6/21 : 12/21\r
\n" ); document.write( "\n" ); document.write( "Corrections required: Proper share - distributed share
\n" ); document.write( "= 3/21-7/21 : 6/21-7/21 : 12/21-7/21
\n" ); document.write( "= -4/21 : -1/21 : 5/21 multiply by 1,89,000 [assumed correct, applicable to some countries]
\n" ); document.write( "= -36,000 : -9,000 : +45,000
\n" ); document.write( "So Milin has to reimburse 36,000, Hemant, 9000 while Rashik should receive 45,000.\r
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