Question

A and B are partners in a firm. On January 1, 2013 their capital is ` 3,00,000 and

` 2,00,000 respectively. Their drawings during the year were ` 3,000 per month

each. They allowed 6% interest on capital. The profit for the year ` 4,00,000.

Calculate interest on capital for the year 2013 when capitals are fixed.​

Answer 1

Answer:

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