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X,y,z are partners in firm. their …

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X,y,z are partners in firm. their capital as on April 1, 2016 were 5,00,000 ; 4,00,000; and 3,00,000. On July 1,2016 they introduced further capitals of 1,00,000; 80,000; and 50,000 .on February 1,2017 y withthrew 15,000 from capital. Interest is Tobe allowed @8%p.a on the capitals. Compute interest on capital for the year ending march 31,2017.

Posted by Poonam Yadav 4 years, 9 months ago

CBSE > Class 12 > Accountancy

1 answers

Jagriti Vishwakarma 4 years, 9 months ago

Int. on X's capital= 500000×8/100= 40000 Int.on additional capital of x= 100000×8/100×9/12=6000 Int on y's capital = 400000×8/100=32000 Int on additional capital=80000×8/100×9/12=4800 Int on z's capital=300000×8/100=24000 Int on additional capital=50000×8/100×9/12=3000 Total int of capital:- X=46000 Y=36800 Z=24300

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