Karman, Harman and Shravan were sharing profits and losses in the ratio of 5 : 3 : 2. They introduced capitals in their profit sharing ratio
Karman, Harman and Shravan were sharing profits and losses in the ratio of 5 : 3 : 2. They introduced capitals in their profit sharing ratio. Harman had invested capital of ₹ 3,00,000. Net profit for the year was ₹ 2,25,000. Interest on capitals is to be allowed @ 5% p.a.
Calculate interest on Capitals of Karman, Harman and Shravan for the year ended 31st March, 2024.
Anurag Pathak Changed status to publish April 22, 2024