A and B are partners sharing profits and losses in the ratio of 3:2. The firm maintains fluctuating capital Accounts and the balance of the same as on 31st March, 2021 amounted to 4,00,000 and 3,50,000 for A and B respectively. Drawings during the year were 75,000 each.
As per Partnership Deed interest on Capital 10% p.a. on Opening Capital had been allowed to them.
Calculate opening Capitals of partners given that profit during the year 2020-21 was 2,25,000.
