Dk goel chapter one accounting for partnership firms fundamentals pg no1.115 que no 65

X, y and z are partner in a firm. Their capital as on April 1,2016 were Rs 500000, 400000and 300000 respectively. On July 1,2016 they introduced further capital of 100000,800000 and 500000 respectively. On February 1,2017 y withdrew 15000 from his capital. Interest is to be allowed @ 8% p. a. on the capital. Compute interest on capital for the year ending March 31,2017

Question 1

DK goel question 1

A and B started a partnership business on 1 april 2013 they contribution 600000 and 400000 respect as their capital Interest on capital and drawing 6% per annual B is to get monthly salary 2500 Sharing of profit or loss will ratio of their capital contribution