Question 114
Accountancy
2022
Medium
MCQ
+5.00 marks · -1.00 negative
From the following information, calculate interest on capital of C, a partner for the year ended 31st March, 2022:
C's Capital on 31/03/2022: ₹12,00,000
Profit credited to C for the year ended 31/03/2022: ₹ 3,00,000
Drawings made during the year: ₹ 1,00,000
Additional Capital introduced on 01/10/2021: ₹5,00,000
Rate of interest: 12% p.a.
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