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Rani and Suman are in partnership …

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Rani and Suman are in partnership with capitals of Rs, 80,000 and Rs. 60,000,respetively. During the year 2006-2007, Rani withdrew Rs.10,000 from her capital and Suman Rs.15,000.Profits before charging interest on capital was Rs.50,000. Ravi and Suman shared profits in the ratio of 3:2. Calculate the amounts of interest on their capitals @ 12% p.a. for the year ended March 31,2007.

Posted by Ranjit Sah 5 years, 6 months ago

CBSE > Class 12 > Accountancy

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Ranjit Sah 5 years, 6 months ago

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