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Interest on capital was omitted: Rameez Rs. 3,000, Zaheer Rs. 6,000, profits equal. Net adjustment for Zaheer?
ACredit Rs. 1,500
BDebit Rs. 1,500
CCredit Rs. 4,500
DDebit Rs. 6,000
Answer & Solution
Correct answer: A. Credit Rs. 1,500
Zaheer was due Rs. 6,000 but got Rs. 4,500 through the equal split of Rs. 9,000, a credit of Rs. 1,500.
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