Question

sita and gita are partner in a firm. balance of their capital accounts as on 1 April,2018 were as follows;sita Rs. 40000,gita Rs 30000. sita introduced Rs. 5000 as an additional capital on 1 november, 2018. sita drew capital amounting to Rs. 7500 on 1 january 2019 and gita withdrew capital amounting Rs. 2500 on 1 february,2019. they have further agreed to allow interest on capital@12 percent per aanum. book of the account of the firm are to be closed on 31 march 2019.
Calculate interest to be allowed on partners capital.​

Answer 1

Answer:

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Explanation:

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