arun and barun are partner in a firm sharing profit and losses equally their capital on 1st april 2015 ;were E 480000 and E 540000. on 1st october 2015 they decided that total capital of the firm should be Rs 1000000 to be contributed equally by both partnership deed ,interest on capital is allowed to the partner @6% p.a.
you are required to compute interest on capital for the year ending 31st march ,2016
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2200 10% I think this will be correct answers
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