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During the year Mahadev's drawings were …

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During the year Mahadev's drawings were 30,000. Profits during 2019-20 is `10,00,000. Profits were distributed without providing interest on partners' capitals. The interest on capitals @ 5% p.a for the year ending (Choose the correct alternative) 1 mark March 31, 2020 will be: (a) `20,000 and 31,500 respectively (b) 50,000 each (c) `25,000 each (d) 27,000 and `18,000 respectively

Posted by Chiranjiv Satija 2 years, 5 months ago

CBSE > Class 12 > Accountancy

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