12th Class
Accountancy
Fundamentals of Partnership
Question Bank
MCQs - Accounting for Partnership Firm - Fundamentals
question_answer
A, B and C are partners sharing profits in the ratio of 1 : 2 : 3 with a capital of Rs.5,00,000 each. On 01.08.2020 Mr. A introduce an additional capital of Rs.1,00,000 and on 30.09.2021 Mr. A withdrew the amount of additional capital, interest on capital is to be allowed @ 12% p.a. Interest on capital of Mr. A Rs. _____ is to be shown in the ______ side of partners' capital account: