Vidit and Seema were partners in a firm sharing profits and losses in the
ratio of 3 : 2. Their capitals were 1,20,000 and 2,40,000, respectively.
They were entitled to interest on capitals @ 10% p.a. The firm earned a
profit of 18,000 during the year. The interest on Vidit's capital will be :
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Explanation:
ratio 3:2
capital 120000+240000
capital =360000
intrest on capital 360000×10/100
=36000
vidit 36000×3÷5
vidit 21600
seema 36000×2÷5
seema 14400
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