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Accountancy · 2023 · 1 mark

CBSE 2023 · Region 5 · Set 2 · Q9

Nitya, Shreya and Ishita are partners in a firm. They share profits in the ratio of 5: 3: 2. Their fixed capitals are ₹ 1,80,000, ₹ 1,60,000 and ₹…

Nitya, Shreya and Ishita are partners in a firm. They share profits in the ratio of $\displaystyle 5$ : $\displaystyle 3$ : 2. Their fixed capitals are ₹ $\displaystyle 1{,}80{,}000$, ₹ $\displaystyle 1{,}60{,}000$ and ₹ $\displaystyle 2{,}00{,}000$ respectively. For the year ending 31st March, $\displaystyle 2022$, Nitya withdrew ₹ $\displaystyle 7{,}500$ at the end of every quarter. The partnership deed provided that interest on capital will be allowed @ $\displaystyle 10$% p.a. The amount of interest on Ishita's capital will be :
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