Question

From the following Balance Sheet of A and B, calculate interest on capital
at 5% p.a. for the year ending 31st March, 2015:
BALANCE SHEET
as at 31st March, 2015
Liabilities
Assets
₹
A's Capital
1,00,000 Fixed Assets
1,40,000
B's Capital
80,000 Current Assets
60,000
P and L Appropriation A/c
2014-15
40,000 Drawings - B
20,000
2,20,000
2,20,000
Profit during the year ended 31st March, 2015 was 70,000. A and B share profits
in the ratio of 2:1. Drawings during the year ended 31st March, 2015 were A 16,000
and B 20,000.​

Answer 1

Answer:

Herw is ur answer

have a nice day