Anwar and Benoy are partners in a firmsharing profits and losses in th

1.	Anwar and Benoy are partners in a firmsharing profits and losses in the ratio 5:3.Their capital balance as on 1st January2014 - Anwar Rs 40,000 and Benoy Rs30,000 .As per the agreement the partnersare entitled to 6% interest per annum ontheir capitals. On 1st June ,2014 Anwarhadwithdrawn Rs 5,000 and on 1st September2014 ,Benoy had withdrawn Rs 10,000 outof capitalCalculate the interest payable on thecapital of Anwar and Benoy during the yearended 31st December ,2014
Answer» 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 firmsharing profits and losses in the ratio 5:3.Their capital balance as on 1st January2014 - Anwar Rs 40,000 and Benoy Rs30,000 .As per the agreement the partnersare entitled to 6% interest per annum ontheir capitals. On 1st June ,2014 Anwarhadwithdrawn Rs 5,000 and on 1st September2014 ,Benoy had withdrawn Rs 10,000 outof capitalCalculate the interest payable on thecapital of Anwar and Benoy during the yearended 31st December ,2014

Answer»

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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