From the following Balance Sheet of Arun and Barun and Additional information, Calculate interest on capital @ 6% p.a. payable to Barun for the year ended 31st March 2023:
From the following Balance Sheet of Arun and Barun and Additional information, Calculate interest on capital @ 6% p.a. payable to Barun for the year ended 31st March 2023:
| Liabilities | ₹ | Assets | ₹ |
| Arun’s Capital
Barun’s Capital Profit and Loss A/c |
50,000 40,000 20,000 |
Sundry Assets
|
1,10,000
|
| 1,10,000 | 1,10,000 |
During the year, Barun’s drawings were ₹ 15,000, and profit during the year was ₹ 30,000.
Anurag Pathak Changed status to publish April 19, 2024
