Chirag and Ashish were partners sharing profits in the ratio of 3 : 2. Their capitals as on 1st April, 2023 were ₹ 5,00,000 and ₹ 4,00,000 respectively
Chirag and Ashish were partners sharing profits in the ratio of 3 : 2. Their capitals as on 1st April, 2023 were ₹ 5,00,000 and ₹ 4,00,000 respectively. The Partnership Deed allowed interest on capital @ 8% p.a.
Calculate interest on Capitals of Chirag and Ashish for the year ended 31st March, 2024.
Anurag Pathak Changed status to publish April 22, 2024