A and B contribute `4, 00,000 and `2, 00,000 respectively as capital on which they agree to pay interest 6% p.a. Their respective share of profit is 2:3 and the profit (before interest) for the year is `30,000. Show the relevant account to allocate interest on capitals, if the Partnership Deed is silent about the treatment of interest on capital
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Explanation:
A gets 12000 ,B gets 18000
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