Question

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LULU
Illustration 3. Josh and Krish are partners sharing profits and losses in the ratio of 3 : 1. Their
capitals at the end of the financial year 2012-2013 were ? 1,50,000 and 75,000. During the year
2012-2013, Josh's drawings were 20,000 and the drawings of krish were 5,000. Profit before
charging interest on capital for the year was 16,000. Krish had brought additional capital of
16,000 on 1st October, 2012. Calculate interest on capital @ 12% per annum for the year
2012-2013
Sol
Statement Showing Calculation of Capital at the Beginning​

Answer 1

Answer:

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