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A introduced capital of (₹80000) and B introduced (₹120000) at the beginning of the year. Interest on capital is (10%) and profit is (₹15000). How much interest will A receive?

Answer and explanation

Correct answer: (₹6000)

Total interest is (₹20000) but profit is only (₹15000) so interest is reduced in (2:3). A gets (15000 \times \frac{2}{5}=₹6000).

Related tags

PartnershipAdjustmentsInsufficient ProfitPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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