Accountancy, asked by pihusingh77, 1 month ago

A and B are partners with capital of Rs. 120000 and Rs. 140000 respectively as on 31st March, 2021. During the year A’s drawings was Rs. 40000 and B’s drawings was Rs. 50000. Profit for the year ending 31st March, 2021 was Rs. 150000 out of which Rs. 100000 was transferred to General Reserve. Calculate Interest on Capital @ 8% p.a. for the year ending 31st March, 2021? [3]​

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Answered by rinky8devi
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