A and B are partners sharing profits and losses equally with capitals of ₹ 3,00,000 and ₹ 2,00,000 respectively. Their drawings during the year ending on 31st March, 2023 are as follows
A and B are partners sharing profits and losses equally with capitals of ₹ 3,00,000 and ₹ 2,00,000 respectively. Their drawings during the year ending on 31st March, 2023 are as follows:
A’s Drawings on
B drew ₹ 6,000 at the end of each month. The deed provides interest on capitals and drawings at 10% p.a. Calcualte interest on capitals and drawings.
[Ans. Interest on Capitals A ₹ 30,000; B ₹ 20,000, Interest on Drawings A ₹ 2,800; B ₹ 3,300.]
| 30-06-2022 | 20,000 |
| 31-07-2022 | 10,00 |
| 01-10-2022 | 10,000 |
| 01-03-2023 | 16,000 |
Anurag Pathak Answered question May 24, 2024
