FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!
Question
1 Approved Answer

I need the answer as soon as possible 3. A and B are partners in a firm. Their capital accounts showed the balance on April

I need the answer as soon as possible image text in transcribed

3. A and B are partners in a firm. Their capital accounts showed the balance on April 1, 2015 as 34,00,000 and 33,00,000 respectively. On August 1, 2015 they introduced further capitals of 50,000 and 540,000 respectively. B withdrew 315,000 from his capital on March 1, 2016. Interest is allowed @ 6% p.a. on the capitals. Compute interest on capitals for the year ending March 31, 2016

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image
Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Survey Of Accounting
Survey Of Accounting

Authors: Carl S. Warren

2nd Edition

0324183445, 978-0324183443

More Books

Students explore these related Accounting questions

Question

Jets Bancorp Inc. purchased a portfolio of trading securities during 2016. The cost and fair value of this portfolio on December 31, 2016, was as follows: On May 10, 2017, Jets Bancorp Inc. purchased...

Answered: 3 weeks ago

Question

Solve each equation for 0 Answered: 1 week ago

Answered: 3 weeks ago

Question

1. Obtain the perspective of a current graduate student who is pursuing a doctorate in clinical or counseling psychology. Many graduate programs provide e-mail addresses for their graduate students,...

Answered: 3 weeks ago

Question

Identify each of the following reconciling items as: (a) An addition to the cash balance according to the bank statement, (b) A deduction from the cash balance according to the bank statement, (c) An...

Answered: 3 weeks ago

Question

Create a dataframe data type containing the information in the table below. Then modified the score of Steve to make it 95 and major of David to make it MSF. Afterwards, add a third row with the...

Answered: 3 weeks ago

Question

One of a investor's indifference curves passes through these two points on the usual mean-standard deviation diagram: (0, 0.04) and (0.12, 0.18). Then the investor's risk aversion parameter A is...

Answered: 3 weeks ago

Question

QUESTION 9 A telecom incumbent owns the upstream network and is currently a monopoly retail supplier. The incumbet has fixed cost of F=1.4 and marginal cost of co=0.3 per call for its upstream...

Answered: 3 weeks ago

Question

1. an example of a flowchart of the Alaska airlines about the process of a passenger's bag follows from kiosk to destination carousel. Include the exception process for the TSA opening of selected...

Answered: 3 weeks ago

Question

Q3 Question #3 The manager of the Midtown hotel is in the process of redesigning the company's reservation system. The hotel has 300 rooms divided into 200 regular double-bed rooms and 100 luxury...

Answered: 3 weeks ago

Question

Not: There is no scenario for this assignment. Question: Sports events are an important social phenomenon. Identify the relationships between, and the roles played by, the various participants of a...

Answered: 3 weeks ago

Question

Which of the following concepts is not part of Java's object-oriented programming principles? Option A: Encapsulation Option B: Inheritance Option C: Polymorphism Option D: Multiple inheritance using...

Answered: 3 weeks ago

Question

=+2. Show the benefits up front. No one wants to wade through miles of copy to find out what's in it for them? (Notice them should have been him or her. But, them is more conversational.) People want...

Answered: 3 weeks ago

Question

=+ You will know this if you have insight into your brand's personality and your consumer's core (or key) values.

Answered: 3 weeks ago

Question

=+ Actually make them stop what they're doing at that precise moment in time and hear what you're saying. Keep working until you find an interruptive or disruptive message. For example, this message...

Answered: 3 weeks ago

Previous Question Next Question