Question

1. Amresh and Kamlesh are partners in a firm. Their capitals on 1st January, 2018 were *2,80,000 and 220,000 respectively. On September 1st, 2018 they decided that their capitals should be 2.50,000 each. The necessary adjustment in the capitals were made by introducing or withdrawing cash. Interest on capital is allowed at 6% per annum you are required to compute interest on capital for the year ending 31st December, 2018 (Ans. Interest on Capital : Amresh * 16,200 and Kamlesh 13,800).
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Answer 1

Answer:

yes

Explanation:

Interest on Capital : Amresh * 16,200 and Kamlesh 13.800).