Question

A and B started business on 19 April, 2018 with capitals of * 6,00,000 and 4,00,000 respectively. During the year, A introduced * 1,00,000 as additional capital on 1st October, 2018. They withdrew * 50,000 per month against profits. Interest on capital is to be allowed @ 10% per annum. Calculate interest payable to A and B for the year ended 31st March, 2019.​

Answer 1

Answer:

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Explanation:

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Answer 2

• Interest on A's Capital: Interest on Rs.6, 00, 000 for one
• Interest on A's Capital: Interest on Rs.6, 00, 000 for oneyear:Rs.6,00,000 x 10 100
• Interest on A's Capital: Interest on Rs.6, 00, 000 for oneyear:Rs.6,00,000 x 10 100Interest on Rs.1, 00, 000 for 6 months: 60,000
• Interest on A's Capital: Interest on Rs.6, 00, 000 for oneyear:Rs.6,00,000 x 10 100Interest on Rs.1, 00, 000 for 6 months: 60,0006 10 Rs.1,00,000 x X 12 100 (from 1st October, 2017 to 31st March, 2018)
• Interest on A's Capital: Interest on Rs.6, 00, 000 for oneyear:Rs.6,00,000 x 10 100Interest on Rs.1, 00, 000 for 6 months: 60,0006 10 Rs.1,00,000 x X 12 100 (from 1st October, 2017 to 31st March, 2018)5,000
• Interest on A's Capital: Interest on Rs.6, 00, 000 for oneyear:Rs.6,00,000 x 10 100Interest on Rs.1, 00, 000 for 6 months: 60,0006 10 Rs.1,00,000 x X 12 100 (from 1st October, 2017 to 31st March, 2018)5,00065,000
• Interest on A's Capital: Interest on Rs.6, 00, 000 for oneyear:Rs.6,00,000 x 10 100Interest on Rs.1, 00, 000 for 6 months: 60,0006 10 Rs.1,00,000 x X 12 100 (from 1st October, 2017 to 31st March, 2018)5,00065,000Interest on B's Capital: Interest on Rs.4, 00, 000 for one year
• Interest on A's Capital: Interest on Rs.6, 00, 000 for oneyear:Rs.6,00,000 x 10 100Interest on Rs.1, 00, 000 for 6 months: 60,0006 10 Rs.1,00,000 x X 12 100 (from 1st October, 2017 to 31st March, 2018)5,00065,000Interest on B's Capital: Interest on Rs.4, 00, 000 for one yearRs.4, 00, 000 x 10 100
• Interest on A's Capital: Interest on Rs.6, 00, 000 for oneyear:Rs.6,00,000 x 10 100Interest on Rs.1, 00, 000 for 6 months: 60,0006 10 Rs.1,00,000 x X 12 100 (from 1st October, 2017 to 31st March, 2018)5,00065,000Interest on B's Capital: Interest on Rs.4, 00, 000 for one yearRs.4, 00, 000 x 10 100Rs.40,000

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