Read the following hypothetical situation and answer question no. 9 and 10.Ana and Anne started a partnership business on 1st April, 2022. Their capital contributions wereRs. 3, 00,000 and Rs. 1, 00,000 respectively. Ana rented her property to carry on business forRs.2, 500 p.m. Interest on capitals @12% p.a. Ana, to get a salary of Rs. 4,000 p.m. Anne to geta commission of 2% of the net profit. Profits are to be shared in the ratio of 3:2. The profits forthe year ended 31st March, 2023 before providing for rent was Rs. 2, 00,000.Dr. Profit and Loss Appropriation Account Cr.for the year ended 31st March, 2023Particulars Rs. Particulars Rs.To Interest on capital:AnaAnneTo Partner’s Salary:AnaTo Anne’s commissionTo Profit transferred toAna’s Capital A/cAnne’s Capital A/c______________48,000_______(1)______________By Profit and Loss A/c _______(2)_______ _______9. The amount to be reflected in blank (1) will be:(a) Rs.3,720(b) Rs.3,400(c) Rs. 2,800(d) Rs.2,94010. The amount to be reflected in blank (2) will be:(a) Rs.1,62,000(b) Rs. 1,74,500(c) Rs. 1,71,400(d) Rs.1,70,000

Sure, let's solve these questions step by step.

Question 9: The amount to be reflected in blank (1) will be:

This blank is for Anne's commission. As per the problem, Anne is to get a commission of 2% of the net profit.

First, we need to calculate the net profit. The profit given is before providing for rent. So, we subtract the rent for the year from the profit.

Rent for the year = Rs. 2,500 * 12 = Rs. 30,000 Profit after providing for rent = Rs. 2,00,000 - Rs. 30,000 = Rs. 1,70,000

Now, we calculate 2% of this net profit for Anne's commission.

Anne's commission = 2/100 * Rs. 1,70,000 = Rs. 3,400

So, the amount to be reflected in blank (1) will be Rs. 3,400. Hence, option (b) is correct.

Question 10: The amount to be reflected in blank (2) will be:

This blank is for the Profit and Loss A/c. This will be the net profit after all deductions.

We have already calculated the net profit after providing for rent. Now, we subtract the interest on capital, Ana's salary, and Anne's commission from this to get the amount for the Profit and Loss A/c.

Interest on capital for Ana = 12/100 * Rs. 3,00,000 = Rs. 36,000 Interest on capital for Anne = 12/100 * Rs. 1,00,000 = Rs. 12,000 Ana's salary for the year = Rs. 4,000 * 12 = Rs. 48,000

Total deductions = Rs. 36,000 + Rs. 12,000 + Rs. 48,000 + Rs. 3,400 (Anne's commission) = Rs. 99,400

Amount for Profit and Loss A/c = Rs. 1,70,000 - Rs. 99,400 = Rs. 70,600

So, the amount to be reflected in blank (2) will be Rs. 70,600. However, this option is not given in the choices. Please check the problem again.