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A and B are partners and they had ₹40000 and ₹ 60000 in their respective capital accounts as on January 1,2019.A paid in further ₹5000 on August 1,2019 and ₹8000 on November 15,2019.A withdraws ₹10000 from his capital on December 1,2019.calculate interest on capital to be allowed to A that rate of interest to be 6%per annum?
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A and B are partners and they had ₹40000 and ₹ 60000 in their respecti...
Calculation of Interest on Capital for Partner A

Opening Balances:
- A's capital account balance: ₹40000
- B's capital account balance: ₹60000
- Total capital: ₹100000

Additional Contributions:
- A's contribution on August 1, 2019: ₹5000
- A's contribution on November 15, 2019: ₹8000
- Total additional contributions: ₹13000

Withdrawals:
- A's withdrawal on December 1, 2019: ₹10000

Adjusted Capital:
- A's opening balance: ₹40000
- Total additional contributions: ₹13000
- Total withdrawals: ₹10000
- A's adjusted capital: ₹43000

Interest Calculation:
- Interest rate: 6% per annum
- Time period: 11 months (January 1, 2019 to December 1, 2019)

Simple Interest Formula:
- Simple interest = (Principal x Rate x Time) / 100

Interest Calculation:
- Simple interest = (₹43000 x 6 x 11) / 100
- Simple interest = ₹2838

Final Calculation:
- A's interest on capital = ₹2838
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A and B are partners and they had ₹40000 and ₹ 60000 in their respecti...
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A and B are partners and they had ₹40000 and ₹ 60000 in their respective capital accounts as on January 1,2019.A paid in further ₹5000 on August 1,2019 and ₹8000 on November 15,2019.A withdraws ₹10000 from his capital on December 1,2019.calculate interest on capital to be allowed to A that rate of interest to be 6%per annum?
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A and B are partners and they had ₹40000 and ₹ 60000 in their respective capital accounts as on January 1,2019.A paid in further ₹5000 on August 1,2019 and ₹8000 on November 15,2019.A withdraws ₹10000 from his capital on December 1,2019.calculate interest on capital to be allowed to A that rate of interest to be 6%per annum? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about A and B are partners and they had ₹40000 and ₹ 60000 in their respective capital accounts as on January 1,2019.A paid in further ₹5000 on August 1,2019 and ₹8000 on November 15,2019.A withdraws ₹10000 from his capital on December 1,2019.calculate interest on capital to be allowed to A that rate of interest to be 6%per annum? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A and B are partners and they had ₹40000 and ₹ 60000 in their respective capital accounts as on January 1,2019.A paid in further ₹5000 on August 1,2019 and ₹8000 on November 15,2019.A withdraws ₹10000 from his capital on December 1,2019.calculate interest on capital to be allowed to A that rate of interest to be 6%per annum?.
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