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A and B are partners sharing Profit and Loss in the ratio 3 : 2 having Capital Account balances of 50,000 and 40,000 on 1st April, 2018. On 1st July, 2018, A introduced 10,000 as his additional capital whereas B introduced only 1,000. Interest on capital is allowed to partners @ 10% p.a.
Calculate interest on capital for the financial year ended 31st March, 2019.
By: NIHARIKA WALIA ProfileResourcesReport error
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