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12th Class Accountancy Fundamentals of Partnership Question Bank MCQs - Accounting for Partnership Firm - Fundamentals

  • question_answer
    Calculate interest on capital of Mr. Rishi @ 8% p.a. as on 31.03.2021. His Fixed capital balance as on 31.03.2021 is Rs.5,00,000 Additional capital introduced on 01.07.2020 is Rs.1,00,000 Drawing against profit on 01.10.2020 is Rs.60,000

    A) 40,000

    B) 38,000

    C) 40,400

    D) 46,000

    Correct Answer: B

    Solution :

    38,000


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