Use app×
Join Bloom Tuition
One on One Online Tuition
JEE MAIN 2025 Foundation Course
NEET 2025 Foundation Course
CLASS 12 FOUNDATION COURSE
CLASS 10 FOUNDATION COURSE
CLASS 9 FOUNDATION COURSE
CLASS 8 FOUNDATION COURSE
0 votes
193 views
in Accounts by (15 points)
15. \( X \) and \( Y \) are partners sharing profits and losses in the ratio of \( 3: 2 \). They invested capitals of \( 3,00,000 \) and \( 2,00,000 \) respectively. The profits earned by them (before interest on capital during 2018-19 is 730,000 . According to deed, interest on capitals will be allowed @10\% pa even if it involves loss to the firm.Compute interest on capital for the year ended 31st March, 2019 and show distribution of profits.
by (15 points)
Profit is ₹30,000

Please log in or register to answer this question.

Related questions

Welcome to Sarthaks eConnect: A unique platform where students can interact with teachers/experts/students to get solutions to their queries. Students (upto class 10+2) preparing for All Government Exams, CBSE Board Exam, ICSE Board Exam, State Board Exam, JEE (Mains+Advance) and NEET can ask questions from any subject and get quick answers by subject teachers/ experts/mentors/students.

Categories

...