A and B started partnership forms on 1st January 2016 with the capital of rupees 300000 and Rs 120000 respectively on 1st April B introduced Rupees 80000 as father capital will a withdrew rupees 50000 on 1st July 2016 from the business compute interest on capital of the partner for the year ending 2016 assuming rate of interest is 9% per annum
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Answer:
hello dear,
Explanation:
A's Capital: Rs.
Interest on Rs.6,00,000 for one year: (Rs.6,00,000×
100
10
)
Interest on Rs.1,00,000 for 6 months: (Rs.1,00,000×
12
6
×
100
10
)
(from 1st October, 2017 to 31st March, 2018) 60,000
5,000
65,000
Interest on B's Capital:
Interest on Rs.4,00,000 for one year Rs.4,00,000×
100
10
Rs.40,000
i hope it helps u
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