Question

CLASSTIME Page No.
Date
ABC Partners their capital on 1.1.08 were Rs 1,00,000,
80,000 and 60,000 respectively. Their partnership deed
provide interest on capital @ 6 % will be treated as
a charge against profit not an appropriation of
profit. Profit for the year 2008 was Rs 6000.
Calculate interest on capitals.​

Answer 1

Answer:

Tap on your new phone so we have not had the chance for

Answer 2

Explanation:

If it treated as charge against profit .. it come to profit and loss account not in profit and loss appropriation account so the Int on capital was

A 6000

B 4800

C 3600

----------

(14400)

6000

So firm will bear an Loss of 8400