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Accountancy · 2024 · 1 mark

CBSE 2024 · Region 4 · Set 3 · Q10

Aditi and Saurabh were partners in a firm sharing profits and losses in the ratio of 2:1. On 1st April, 2022 their capitals were ₹ 5,00,000 and ₹…

Aditi and Saurabh were partners in a firm sharing profits and losses in the ratio of $\displaystyle 2$:1. On 1st April, $\displaystyle 2022$ their capitals were ₹ $\displaystyle 5,00,000$ and ₹ $\displaystyle 4,00,000$ respectively. Before any appropriation, the firm earned a Net profit of ₹ $\displaystyle 81,000$ for the year ended 31st March, 2023. According to the partnership deed, interest on capital was to be provided @ $\displaystyle 10$% p.a. Interest on Aditi's capital will be :
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