Alok,a partner had capital of Rs5,00,000 as on 1st April,2019. He introduced additional capital of Rs2,00,000 on 1st October,2019 and withdrew Rs1,00,000 on 1st January,2020. If interest on capital is allowed @ 10% p.a., interest on capital will be Rs57,500, calculated as follows
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2,00,000 on 1st October, 2019 and withdrew Rs.1,00,000 on 1st January, 2020. If interest on capital is allowed @ 10% p.a., interest on capital ...
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