Question

A and B are two partners sharing profits and losses in 3 : 2. Their Capitals as on 31st March
2016 were 3,00,000 and 2,00,000. During the year their drawings were * 50,000 and
40,000 respectively. Profit 75,000 was credited to them in their profit sharing ratio. B
introduced additional capital of 60,000 as on 1st November, 2015. Interest on Capital @
10% p.a. was omitted from record. Calculate interest on Capital.
Ans. * 30,500 ; 17,500.​

Answer 1

Answer:

Their Capitals as on 31st March

2016 were 3,00,000 and 2,00,000. During the year their drawings were * 50,000 and

40,000 respectively. Profit 75,000 was credited to them in their profit sharing ratio. B

introduced additional capital of 60,000 as on 1st November, 2015. Interest on Capital @

Answer 2

Explanation:

Here is your answer.

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