Question

lation of Interest on Capital
Amresh and Kamlesh are partners in a firm. Their capitals on 1st January, 2018 u
2,80,000 an 2,20,000 respectively. On September 1st, 2018 they decided that
capitals should be 2,50,000 each. The necessary adjustment in the capitals were
by introducing or withdrawing cash. Interest on capital is allowed at 6% per annu
are required to compute interest on capital for the year ending 31st December,
. 1​

Answer 1

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Answer 2

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