X and Y are partners in the ratio of 3 : 2. Their capitals are ?2,00,000 and ₹1,00,000 respectively. Interest on capitals is allowed @ 8% p.a. Firm incurred a loss of ₹60,000 for the year ended 31st March 2019. Interest on Capital will be :

🎲 Try a Random Question  |  Total Questions in Quiz: 124  |  🧠 Study this quiz with Flashcards
This question is part of a full practice quiz:
MCQs for Accounting for Partnership Firms — practice the complete quiz, review flashcards, or try a random question.


X and Y are partners in the ratio of 3 : 2. Their capitals are ?2,00,000 and ₹1,00,000 respectively. Interest on capitals is allowed @ 8% p.a. Firm incurred a loss of ₹60,000 for the year ended 31st March 2019. Interest on Capital will be :






ADVERTISEMENT