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Ram and mohan started a business …

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Ram and mohan started a business on 1 april 16 with a capital 400000 and 250000 respectively sharing profits in the ratio 3:2. on 1st October 2016 they decided that capital of the firm should be ₹650000 and it should be shared by the partners in their profit sharing ratio.. Accordingly they decided Introduce or withdraw their capital Interest on capital is 10%pa

Posted by Disha Bhatia 5 years, 8 months ago

CBSE > Class 12 > Accountancy

1 answers

Vansh 123 5 years, 8 months ago

Int on ram's cap. = 52,500 Int on mohan's cap. = 45000

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