Question

29. Amit and Bramit started business on 1st April, 2020 with capitals of 15,00,000 and 9,00,000 respectively.
On ist October, 2020, they decided that their capitals should be 12,00.000 each. The necessary adjustments
in capitals were made by introducing or withdrawing by cheque. Interest on capital is allowed @ 8% pa.
compute interest on capital for the year ended 31st March 2021​

Answer 1

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