Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Aug 06, 2024

Please 100% correct within 10 minutes or else skip 3. A and B are partners in a firm. Their capital accounts showed the balance on

Please 100% correct within 10 minutes or else skip

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

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

Step: 3

Ace Your Homework with AI

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

Get Started

Students also viewed these Accounting questions

Question

Explain the limits of confidentiality for clients receiving services from a clinical psychologist.

Answered: 1 week ago

Question

★★★★★

Compute Chavez Companys current ratio using the following information. Accounts receivable . . . . . . . . . . . . . . $18,000 Long-term notes payable . . . . . . . . . . $21,000 Accounts payable . ....

Answered: 1 week ago

Question

★★★★★

e Project your understanding of the fundamental knowledge and skills of starting a new business from, ideation to cution. You must provide answers to the three phases of planning, and demonstrate the...

Answered: 1 week ago

Question

★★★★★

Compute the PI statistic for Project Z and advise the firm whether to accept or reject the project with the cash flows shown below if the appropriate cost of capital is 8 percent. Time: 0 1 2 3 4 5...

Answered: 1 week ago

Question

★★★★★

6.2 Estimate horizontal and vertical tail sizes for a twin-turboprop regional transport with wing area of 40 m, aspect ratio of 10, taper ratio of 0.5, leading-edge sweep of 5 deg, and tail moment...

Answered: 1 week ago

Question

★★★★★

1. Jane wants to set aside funds to take an around the world cruise in four years. Assuming that Jane has $20,000 to invest today in an account expected to earn 6% per annum, how much will she have...

Answered: 1 week ago

Question

★★★★★

Can you show that the non-dimensionally, power of hydraulic machines as P 3D5 e D2 D'wD

Answered: 1 week ago

Question

★★★★★

The purpose of this research assignment is to have you, complete research on a topic that may have an impact on Strategic Planning in Supply Chain. Please add a maximum of three exhibits ( graphs,...

Answered: 1 week ago

Question

★★★★★

Five faculty members will be issued laptop computers with network interface controllers (NICS). The faculty members want to use their laptops in their classrooms and offices. There are also...

Answered: 1 week ago

Previous Question Next Question