[CBSE] Q. 3 DK Goel Fundamentals of Partnership [2026-27]

Solution of Question Number 3 of the Fundamentals of partnership firm DK Goel CBSE Board (2026-27)

Girish and Satish are partners in a firm. Their Capitals on April 1, 2023 were ₹ 5,60,000 and ₹ 4,75,000 respectively. On August 1, 2023 they decided that their Capitals should be ₹ 5,00,000 each. The necessary adjustment in the Capitals were made by introducing or withdrawing cash. Interest on Capital is allowed at 6% p.a. You are required to compute interest on Capital for the year ending March 31, 2024.

[Ans. Interest on Capitals : Girish ₹ 31,200 and Satish ₹ 29,500.]

Solution:-