Anwar and Benoy are partners in a firm sharing profits and losses in

1.	Anwar and Benoy are partners in a firm sharing profits and losses in the ratio 5:3. Their capital balance as on 1st January 2014 - Anwar Rs 40,000 and Benoy Rs 30,000 .As per the agreement the partners are entitled to 6% interest per annum on their capitals. On 1st June ,2014 Anwar had withdrawn Rs 5,000 and on 1st September 2014 ,Benoy had withdrawn Rs 10,000 out of capital Calculate the interest payable on the capital of Anwar and Benoy during the year ended 31st December ,2014
Answer» ong>Answer: Interest on capital is PAYABLE @ 6% p.a. B is ENTITLED to a salary of Rs.3,000 PER month. Profit for ... Sajal and Kajal are PARTNERS sharing PROFITS and losses in the ratio of 2 :

Anwar and Benoy are partners in a firm sharing profits and losses in the ratio 5:3. Their capital balance as on 1st January 2014 - Anwar Rs 40,000 and Benoy Rs 30,000 .As per the agreement the partners are entitled to 6% interest per annum on their capitals. On 1st June ,2014 Anwar had withdrawn Rs 5,000 and on 1st September 2014 ,Benoy had withdrawn Rs 10,000 out of capital Calculate the interest payable on the capital of Anwar and Benoy during the year ended 31st December ,2014

Answer»

ong>Answer:

Interest on capital is PAYABLE @ 6% p.a. B is ENTITLED to a salary of Rs.3,000 PER month. Profit for ... Sajal and Kajal are PARTNERS sharing PROFITS and losses in the ratio of 2 :

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Interest on capital is PAYABLE @ 6% p.a. B is ENTITLED to a salary of Rs.3,000 PER month. Profit for ... Sajal and Kajal are PARTNERS sharing PROFITS and losses in the ratio of 2 :

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