Ram and Mohan are partners and their capitals for the year ended 31st March 2023 were ₹ 2,40,000 and ₹ 1,80,000 respectively. During the year 2022-23, Ram’s and Mohan’s drawings were ₹ 40,000 and ₹ 60,000 respectively. Profit (before charging interest on capital) during the year was ₹ 1,60,000. Calculate interest on capital @ 5% p.a. for the year ended 31st March 2023. Assuming the capitals were fixed in problem 13, Calculate interest on capital.Ram and Mohan are partners and their capitals for the year ended
Ram and Mohan are partners and their capitals for the year ended 31st March 2023 were ₹ 2,40,000 and ₹ 1,80,000 respectively.
During the year 2022-23, Ram’s and Mohan’s drawings were ₹ 40,000 and ₹ 60,000 respectively. Profit (before charging interest on capital) during the year was ₹ 1,60,000.
Calculate interest on capital @ 5% p.a. for the year ended 31st March 2023.
Assuming the capitals were fixed in problem 13, Calculate interest on capital.
Anurag Pathak Changed status to publish April 19, 2024
