Girish and Satish All partners in a firm Their capitals on April 1st 2018 there 560000 and 475000 respectively On August 1st 2018 they decided that their capital should be 5 lakh each the necessary at Adjustment in the capitals where made by introducing or withdrawing cash interest on capital is allowed at 6% p a You are required to compute interest on capital for the year ending March 31st 2019
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A and B are partners in a firm their capitals on 1st April 2016 works 210000 90000 respectively the share profit in the ratio 2 raise to 1 1st August 2016 the decided that capital should be read just according to the profit sharing ratio the necessary adjustment in the capitals of made by withdrawing or reducing cash interest on capital is allowed 12% per annum compound interest on capital for the year ended 31st March 2017
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