Question

Sumati and Bina are partners sharing profits and losses in the ratio of 3: 2. Their capitals on
31st December, 2019 were * 2,00,000 and 1,00,000 respectively. During the year, drawings of Sumati and
Bina were 25,000 and 20,000.
On 1st October, 2019, Bina introduced additional capital of * 40,000. They earned a profit amounting to
* 35,000 for the year ending 31st December, 2019. Later on, they decided to charge interest on capital
@ 10%
Calculated intrest on Capital​

Answer 1

Explanation:

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