A and B are partners with capitals of ₹ 2,00,000 and ₹ 1,00,000 respectively. Interest payable on capital is 10% p.a. Determine the amount of appropriation of each partner when the profit earned by the firm is ₹ 24,000.
A and B are partners with capitals of ₹ 2,00,000 and ₹ 1,00,000 respectively. Interest payable on capital is 10% p.a. Determine the amount of appropriation of each partner when the profit earned by the firm is ₹ 24,000.
a) ₹ 20,000 and ₹ 10,000
b) ₹ 15,000 and ₹ 9,000
c) ₹ No interest will be paid
d) ₹ 16,000 and ₹ 8,000
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Ans – d)
Here is the explanation
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