[CBSE] Q. 4 DK Goel Fundamentals of Partnership [2024-25]

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Solution of Question Number 4 of the Fundamentals of partnership firm DK Goel CBSE Board (2024-25)

X, Y and Z are partners in a firm. Their Capitals as on April 1, 2022 were ₹ 5,00,000; ₹ 4,00,000 and ₹ 3,00,000 respectively. On July 1, 2022 they introduced further Capitals of ₹ 1,00,000; ₹ 80,000 and ₹ 50,000 respectively. On February 1, 2023 Y withdrew ₹ 15,000 from his Capital. Interest is to be allowed @ 8% p.a. on the Capitals. Compute interest on Capitals for the year ending March 31, 2023.

[Ans. Interest on Capitals : X ₹ 46,000; Y ₹ 36,600 and Z ₹ 27,000.]

Solution:-

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Anurag Pathak
Anurag Pathak

Anurag Pathak is an academic teacher. He has been teaching Accountancy and Economics for CBSE students for the last 18 years. In his guidance, thousands of students have secured good marks in their board exams and legacy is still going on. You can subscribe his youtube channel and can download the Android & ios app for free lectures.

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