Question

A and B are partners sharing profit and loss in the ratio of 3 is to 2 having capital account balance of 50000 and 40000 on 1st April 2017.on 1st July 2017 a introduced 10000 on as his additional capital where is be introduced only 1000.interest on capital it is allowed to partners 10% P A calculate interest on capital for the financial year and 31st March 2018

Answer 1

the answer for the given question is 10000