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Sunflower and Pink Rose started partnership business on April 01, 2019 with capitals of ₹ 2,50,000 and ₹ 1,50,000, respectively. On October 01, 2016, they decided that their capitals should be ₹ 2,00,000 each. The necessary adjustments in the capitals are made by introducing or withdrawing cash. Interest on capital is to be allowed @ 10% p.a. Calculate interest on capital as on March 31, 2020.

[Ans: Total interest on Sunflower’s Capital ₹ 22,500 and on Pink Rose’s Capital, ₹ 17,500)

Anurag Pathak Changed status to publish March 24, 2024
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