X and Y are two partners with a capital of Rs. 30,000 and Rs. 20,000 respectively....
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X and Y are two partners with a capital of Rs. 30,000 and Rs. 20,000 respectively. They are allowed interest @10% on the total capital. If the profit before interest on capital is Rs. 4000, how much interest will be paid to the partners? A B C D Nil Rs. 1500, 1000 Rs. 2000, 3000 Rs. 1000, 1500 X and Y are two partners with a capital of Rs. 30,000 and Rs. 20,000 respectively. They are allowed interest @10% on the total capital. If the profit before interest on capital is Rs. 4000, how much interest will be paid to the partners? A B C D Nil Rs. 1500, 1000 Rs. 2000, 3000 Rs. 1000, 1500
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Capital Capital of Y R 20000 Perofit Befperce So Xs i... View the full answer
Related Book For
Federal Taxation 2018 Corporations, Partnerships, Estates & Trusts
ISBN: 9780134550923
31st edition
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson
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