Question 5
Calculate Interest on capital @10% if the capital is Rs. 500000 for A partner & 600000 for B partner for both respectively.
O A- 50000 B-60000
O A- 5000. B-6000
A-500. B-600
O None
Answers
Answered by
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Step-by-step explanation:
Interest on capital = capital x rate
A :-
= 50,000 x 5/100
= RS-2,500.
B:-
= 60,000 x 5/100
= RS-3,000.
Apportioned in the ratio of interest to be allowed to the extent of profits available:-
A:-
= 2,500
-------------- x 4,600
5,500
= RS-2,090.
B:-
= 3,000
------------- x 4,600
5,500
= RS-2,509.
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