Question

16. (Additional Capital/Withdrawal of Capital)
A and B are partners in a trading concen
in 1:2 ratio. On 31-3-2019 their capital was 60,000 and 1,00,000 respectively. Profits
30,000 were credited to their account. A had contributed additional capital 10,000 and
24,000 on 1-7-2018 and on 1-1-2019 respectively, while B has made an addition of 16,000
to his capital on 31-8-2018.
A and B both had withdrawn * 16,000 and 30,000 respectively from their capital on 31-102018.
Interest on capital is omitted @ 9%. Calculate interest on capital.
(Ans. A3,495; B 8.175
(J & K Board)
Hint. Opening Capital A? 32,000, B 94,000)
)​

Answer 1

Answer:

don't know

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