Question

Aditi and Saurabh were partners in a firm sharing profits and losses in the ratio of 2 : 1. On 1^st April, 2022 their capitals were ₹ 5,00,000 and ₹ 4,00,000 respectively. Before any appropriation, the firm earned a Net profit of ₹ 81,000 for the year ended 31^st March, 2023. According to the partnership deed, interest on capital was to be provided @ 10% p.a.

Interest on Aditi's capital will be ______.

Options

• ₹ 50,000

• ₹ 45,000

• ₹ 40,500

• ₹ 54,000

Answer 1

Interest on Aditi's capital will be ₹ 45,000.

Explanation:

Aditi = 81,000 × `5/9` = ₹ 45,000