SHORT ANSWER TYPE NUMERICAL QUESTIONS
INTEREST ON PARTNERS' CAPITAL
1.
A and B are partners and they had 40,000 and 60,000 in their respective capital accounts as on
January 1, 2019. A paid in further 5,000 on August 1, 2019, and 8,000 on November 15, 2019.
A withdraws 10,000 from his capital on December 1, 2019. Calculate interest on Capital to be
allowed to A assuming that rate of interest to be 6% per annum.
[Ans. Interest on Capital : A2,535]
Answers
Answered by
1
Answer:
interest on capital is 535
Explanation:
make me brainly
Answered by
0
Explanation:
pls explanation of this question
Similar questions