Question

A and B are partners in a firm .Their capital account showed the balance on April 1st 2015 is 400000 and 300000 respectively. On August 1st 2015 the introduced further the capital of rupees 50000 and 40000 respectively .B withdraw Rs 15,000 for his capital on march 1st 2016 interest is allowed it @ 6% per annum on the capital for the year ending march 31,2016​

Answer 1

Explanation:

(as on 1/4/15)

A cap.= 400000

B cap= 300000

(as on 1/8/15)

A cap = 400000+50000=450000

B cap = 300000+40000=340000

(as on 1/3/16)

A cap= 450000

B cap= 340000- 15000= 325000

Int on cap(as on 31/3/16)

A = 400000×6%×4/12=8000

450000×6%×8/12=18000

=26000

B= 300000×6%×4/12=6000

340000×6%×7/12=11900

325000×6%×1/12=1625

= 19525

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Answer 2

Answer:

Explanation:

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