Practicing Success
READ THE FOLLOWING INFORMATION AND ANSWER THE FOLLOWING QUESTIONS. |
What will be the loss after providing interest on capital to both partners? |
₹55,000 ₹50,000 ₹90,000 ₹10,000 |
₹90,000 |
The correct answer is option 3 i.e. ₹90,000 Aman's Capital = ₹5,00,000 Raghav's Capital = 3,00,000 TOTAL INTEREST = 25,000 + 15,000 Loss of the year before this = 50,000 |