Question

3) Capital of Ram is 1,00,000 and
Shyam is 50,000. Calculate interest
on capital @ 5%.​

Answer 1

Answer:

here t= 10yrs.

SI for Ram = 50000 rs.

SI for Shyam = 25000 rs.

Explanation:

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Answer 2

Explanation:

Calculation of Capital balance in the beginning:

Particulars Ram Mohan

Capitals at the end of the year 24000 18000

Less: Profit already credited (8000) (8000)

Add: Drawings already debited 4000 6000

Capital at the beginning of the year 20000 16000

Note: Interest on capital is always calculated on the opening balance of the partner's capital.

Ram's interest on capital= 20000 * 5/100

= 1000

Mohan's interest on capital= 16000 * 5/100

= 800