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Available amount is Rs 126000. Interest on capital claim is Rs 50000 and salary claim is Rs 90000. If no order is given how much interest on capital will be allowed?

Answer and explanation

Correct answer: Rs 45000

Total claim is Rs 140000 and interest on capital share is five fourteenths. Five fourteenths of Rs 126000 is Rs 45000.

Related tags

Proportionate AppropriationInterest On CapitalCalculationProfit DistributionPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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