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Vinod and Satish are partners. Their …

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Vinod and Satish are partners. Their capitals on 1st April, 2021 showed a balance of 5,00,000 and 7,50,000 respectively. On 1st July 2021, Vinod introduced additional capital of 2,00,000 and Satish 1,00,000. On 1st October 2021, Vinod withdrew 50,000 and on 1st January, 2022 Satish withdrew 40,000 from their capitals for their personal use. As per the partnership deed interest on capital is to be provided @8% p.a. Calculate interest for both the partners.

Posted by Sahejdeep Johal 1 year, 7 months ago

CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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