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Accountancy · 2025 · 1 mark

CBSE 2025 · Region 1 · Set 2 · Q5

Sara and Tara were partners in a firm. Their capitals as on 1st April, $\displaystyle 2023$ were ₹ $\displaystyle 6,00,000$ and ₹ $\displaystyle 4,00,000$ respectively. On 1st October, $\displaystyle 2023$, Tara withdrew ₹ $\displaystyle 1,00,000$ for personal use. According to the partnership deed, interest on capital was allowed @ $\displaystyle 8$% p.a. The amount of interest allowed on Tara's capital for the year ended $\displaystyle 3$ 1st March, $\displaystyle 2024$ was :

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