Question
A and B are two partners. They agreed to allow interest on capital @5% per annum. Capital accounts as 1.4.16 were A 20,000 RS and
A and B are two partners. They agreed to allow interest on capital @5% per annum. Capital accounts as 1.4.16 were A 20,000 RS and B 15,000 rs A introduced further capital of rs 5000 on 1.10.16 and B introduced rs 3000 on 1.10.16 Calculate interest on Capital of each Partner as 31.3.17
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Research Methods For Accounting And Finance Global Management Series
Authors: Audrey Paterson, Kevin D. Ogorman, David Leung, Robert Macintosh, William Jackson
1st Edition
1910158895, 978-1910158890
