Question

4. Calculate Interest on capital @10% p.a. of Salman and Sohail who were partners sharing profits

and losses in the ratio of 2:1. Capitals as at 31.03.2021 were Rs.500000 and Rs.400000. Drawings

made by each partners were Rs.100000. Further Capital introduced on 1st Oct 2020 was

Rs.200000 each.​

Answer 1

Answer:

Calculate Interest on capital @10% p.a. of Salman and Sohail who were partners sharing profits

and losses in the ratio of 2:1. Capitals as at 31.03.2021 were Rs.500000 and Rs.400000. Drawings

made by each partners were Rs.100000. Further Capital introduced on 1st Oct 2020 was

Rs.200000 each.