Question

1. A and B are two partners. They agreed to allow interest on capital @ 5% per annum.
Capital accounts as on 1.4.13 were A Rs. 20,000 and B Rs. 15,000.
A introduced further capital of Rs. 5,000 on 1.10.13 and B introduced Rs. 3,000 on 1.1.10
Calculate Interest on Capital of each Partner as 31.3.14.
rs in a firm. Their assets and liabilities as on 31st March, 2​

Answer 1

Answer:

Explanation:

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