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Please 100% correct within 10 minutes or else skip 2. Raj and Neeraj are partners in a firm. Their capitals as on April 1, 2013
Please 100% correct within 10 minutes or else skip
2. Raj and Neeraj are partners in a firm. Their capitals as on April 1, 2013 were 32,50,000 and 31,50,000, respectively. They share profits equally. On July 1, 2013, they decided that their capitals should be 32,00,000 each. The necessary adjustment in the capitals were made by introducing or withdrawing cash. Interest on capital is allowed at 8% p.a. Compute interest on capital for both the partners for the year ending on March 31, 2014Step by Step Solution
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