On 1-4-2009, Ram invested Rs.1,00,000 in a business.  Interest on capital is to be allowed @ 12% per annum.  Amount of interest to be charged to P & L Account for the year 2009-2010 is:
  • a)
    Rs. 9,000.
  • b)
    Rs. 10,000
  • c)
    Rs. 12,000
  • d)
    None of the above
Correct answer is option 'C'. Can you explain this answer?

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This discussion on On 1-4-2009, Ram invested Rs.1,00,000 in a business. Interest on capital is to be allowed @ 12% per annum. Amount of interest to be charged to P L Account for the year 2009-2010 is:a)Rs. 9,000.b)Rs. 10,000c)Rs. 12,000d)None of the aboveCorrect answer is option 'C'. Can you explain this answer? is done on EduRev Study Group by CA Foundation Students. The Questions and Answers of On 1-4-2009, Ram invested Rs.1,00,000 in a business. Interest on capital is to be allowed @ 12% per annum. Amount of interest to be charged to P L Account for the year 2009-2010 is:a)Rs. 9,000.b)Rs. 10,000c)Rs. 12,000d)None of the aboveCorrect answer is option 'C'. Can you explain this answer? are solved by group of students and teacher of CA Foundation, which is also the largest student community of CA Foundation. If the answer is not available please wait for a while and a community member will probably answer this soon. You can study other questions, MCQs, videos and tests for CA Foundation on EduRev and even discuss your questions like On 1-4-2009, Ram invested Rs.1,00,000 in a business. Interest on capital is to be allowed @ 12% per annum. Amount of interest to be charged to P L Account for the year 2009-2010 is:a)Rs. 9,000.b)Rs. 10,000c)Rs. 12,000d)None of the aboveCorrect answer is option 'C'. Can you explain this answer? over here on EduRev! Apart from being the largest CA Foundation community, EduRev has the largest solved Question bank for CA Foundation.
This discussion on On 1-4-2009, Ram invested Rs.1,00,000 in a business. Interest on capital is to be allowed @ 12% per annum. Amount of interest to be charged to P L Account for the year 2009-2010 is:a)Rs. 9,000.b)Rs. 10,000c)Rs. 12,000d)None of the aboveCorrect answer is option 'C'. Can you explain this answer? is done on EduRev Study Group by CA Foundation Students. The Questions and Answers of On 1-4-2009, Ram invested Rs.1,00,000 in a business. Interest on capital is to be allowed @ 12% per annum. Amount of interest to be charged to P L Account for the year 2009-2010 is:a)Rs. 9,000.b)Rs. 10,000c)Rs. 12,000d)None of the aboveCorrect answer is option 'C'. Can you explain this answer? are solved by group of students and teacher of CA Foundation, which is also the largest student community of CA Foundation. If the answer is not available please wait for a while and a community member will probably answer this soon. You can study other questions, MCQs, videos and tests for CA Foundation on EduRev and even discuss your questions like On 1-4-2009, Ram invested Rs.1,00,000 in a business. Interest on capital is to be allowed @ 12% per annum. Amount of interest to be charged to P L Account for the year 2009-2010 is:a)Rs. 9,000.b)Rs. 10,000c)Rs. 12,000d)None of the aboveCorrect answer is option 'C'. Can you explain this answer? over here on EduRev! Apart from being the largest CA Foundation community, EduRev has the largest solved Question bank for CA Foundation.