Question

A and B are partners in a firm sharing profit and losses in the ratio 3:2 Their capital at the end of the year RS 64000 and RS 32000 respectively They earned a profit of RS 8000and distributed it ignoring the interest on their capital During the year,they made an additional payment in their capital accounts of RS 3200 and RS 1600 respectively Their drawings during the year were RS 8000 and RS 4800 respectively If interest on capital is allowed@10% calculate the interest on capital payable to each partner

Answer 1

Answer:

380000 is answer hope it helps