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Arun and Varun are partners in …

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Arun and Varun are partners in a firm sharing profits and loss equally . Their capitals on 1st April 2015 were 4,80,000 and 5,40,000. On 1st Oct 2015 they decided that total capital of the firm should be rupees 10,00,000 to be contributed equally by both of them. Interest on capital is allowed to the partners @ of 6% per annum. Compute interest on capital for the year ending 31st March 2016.

Posted by Varsha Motiyani 2 years, 5 months ago

CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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