Question

A and B are partners in a firm sharing profits in the ratio of
3:2. Their capitals as on April,. 1 2014 were *2,00,000/- and
1x4=4 *1,80,000/- respectively. On October 1, 2014, A introduced an
advance additional capital of 50,000 and on January, 1, 2015, B introduced
70000/-. Interest on capital is allowed at 10% p.a.
Calculate interest on capital for both the partners for the year ending March,
31, 2015.​

Answer 1

Answer:

A and B are partners in a firm sharing profits in the ratio of

3:2. Their capitals as on April,. 1 2014 were *2,00,000/- and

1x4=4 *1,80,000/- respectively. On October 1, 2014, A introduced an

advance additional capital of 50,000 and on January, 1, 2015, B introduced

70000/-. Interest on capital is allowed at 10% p.a.

Calculate interest on capital for both the partners for the year ending March,

31, 2015.