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The Capitals invested by a Partner …

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The Capitals invested by a Partner M at different dates are as follows:- on 1.1.2020 Rs.30,000 on 1.4.2020 Rs.10,000 on 1.10.2020 Rs.5,000 on 31.12.2020 Rs.15,000 Calculate the interest on capital at 6% p.a. assuming the financial year of the firm closes on 31st December every year?

Posted by Gaytra Aanjana 4 years, 4 months ago

CBSE > Class 12 > Accountancy

1 answers

R K 4 years, 4 months ago

Interest on capital = 1800+450+75+0= 2325

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