Question

X and Y are partners in the ratio of 3 : 2. Their capitals are 2,00,000 and 1,00,000 respectively. Interest on capitals is allowed @ 8% p.a. Firm incurred a loss of 1500 for the year ended 31st March 2019. Interest on Capital will be :​

Answer 1

Answer:

[tex]\implies \dfrac{3}{2} + \dfrac{200000}{ 100000} = \dfrac{1500}{2019}

[tex]\implies \dfrac{1}{v} + \dfrac{1}{ - 8} = \dfrac{1}{12}