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

  • question_answer
    X, Y and Z are partners. On 1st April 2020 their capitals are Rs.2,50,000; 1,50,000 and Rs.2,00,000 respectively. On 1st October 2020 they decided that their capitals should be Rs.2,00,000 each. The necessary adjustments in the capitals were made. As per the partnership deed interest on capital is allowed to all the partners. Z got interest on his capital Rs.16,000. How much interest on capital is to be allowed to X?

    A) 20,000 

    B) 18,000

    C) 16,000

    D) 22,000

    Correct Answer: B

    Solution :

    18,000


You need to login to perform this action.
You will be redirected in 3 sec spinner