Question

the j and k are partners sharing profits in ratio of 3:1. their capitals at the the end of the financial year 2018-19 were rs 150000 and rs 75000.during the year 2018-19 j's drawing were rs 20000 and k drawing were rs 5000. which had been duly debited to partners capital accoynt .profit before charging interst on capital for the year was rs 16000. the same gad been debited in their profit sharing ratio . k had brought additional capital of rs 16000 on oct 1 2018. calculate int on capital @12% per annum for the year 2018-19​

Answer 1

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Explanation:

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