15.
Balance of Ram's Capital is * 80,000 in
the beginning of the year. He withdraws ?
20,000 from the firm in the middle of the year. He is entitled to get the interest on
capital @ 10% per annum. In this case
interest on his capital will be-
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6
Answer:
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Answered by
2
Answer:
Interest on 80,000 = 80,000 × 10/100 =8000
Interest on drawings for 6 months = 20,000 ×(6/12) ×( 10 /100) = 1000
Required interest = 8000 - 1000 = 7000
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