Home › CBSE Class 12 (Commerce) › Accountancy › Accounting for Partnership Firms: Fundamentals › Mohini brought Rs. 3,00,000 and interest on capi…
Mohini brought Rs. 3,00,000 and interest on capital is 10 per cent. Her interest?
ARs. 3,000
BRs. 300
CRs. 60,000
DRs. 30,000
Answer & Solution
Correct answer: D. Rs. 30,000
10 per cent of Rs. 3,00,000 for a full year is Rs. 30,000.
Related questions
In a sole proprietorship, where does net profit go?If the deed is silent, how are losses shared?Interest on capital is allowed on capital for what period?Where do partners' capital accounts appear in the balance sheet?A partner's capital account is fixed. Where is his share of profit credited?Rs. 9,000 of omitted interest on capital is shared equally by two partners. Each is chargeInterest on capital was omitted: Rameez Rs. 3,000, Zaheer Rs. 6,000, profits equal. Net adWhat is a past adjustment in partnership accounts?