69. X and Y are partners in the ratio of 3: 2. Their capitals are * ,200000 and 100000respectively. Interest on capitals is allowed @ 8\% p.a. Firm earned
a profit of 60,000 for the year ended 31st March 2019 Interest on Capital
will be
(C) X 1,400;YR 9,600
(D) No Interest will be allowed
(B) X 8,000, Y ₹4,000
A) X 16,000; Y ₹8,000
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Answer:
a
Explanation:
2lakh * 8percent
1lakh *8percent
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