1 Interest on Capital questions from CUET Accountancy 2025 16 May Shift 1 with detailed answers and explanations. Free previous year questions and MCQs.
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Interest on Capital — CUET Accountancy 2025 16 May Shift 1(1–1 of 1)
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X and Y are partners sharing profits in the ratio 3:2. The capitals introduced by X and Y are ₹ 1,00,000 and ₹ 5,00,000 respectively. Interest on capital is allowed to partners @10%p.a. The net profit of the firm for the year ending March 31st, 2025 is ₹ 30,000. Calculate the amount of Interest on Capital to be allowed to each partner.
CUET Accountancy 2025 16 May Shift 1 Interest on Capital — FAQ
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