Question

From the following Balance Sheet of X and Y. Calculate interest on capital @ 5% pa for the year ended 31* March 2009 Balances Sheet as at 31 March, 2019 Liabilities X's Capital Alc Ys Capital A/C Resene Asset Sundry Asset 3 2,10,000 90.000 80,000 40.000 2.10.000 2.10,000 During the year ended 31- March, 2019, X's drawings were 10,000 and Y's drawings were 30,000. Profit for the year ended 315 March, 2019 was * 60,000. The amount of Reserve, i.e., 7 40,000 is transferred from Current Year's profit to strengthen the financial position of the firm. ​

Answer 1

Answer:

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Explanation:

tetyjv23578996e2edfhkplmx