Question

A and b are partners sharing profits and losses in the ratio 3:2 having capital balance of rupees 50,000&rupees 40,000 on 1st april 2019 . In 1st july 2019 A introduced rupees10,000 as additional capital whereas B introduced only rupees 1000 if the interest on capital is allowed to partners @10% p.a. , calculate interest on capital when accounts are closed on 31 st march every year

Answer 1

Answer:

10% of 50000 + 10% of 10000=5000+1000=6000

10% of 40000 + 10% of 1000= 4000+100=4100

thus 6000+4100=10100rs int. on capital