12th Class
Accountancy
Fundamentals of Partnership
Question Bank
MCQs - Accounting for Partnership Firm - Fundamentals
question_answer
X and Y have started a business in partnership on 1st July 2020. As per the partnership deed interest on capital to be allowed @ 10% p.a. and profits will be shared in the ratio of their capitals i.e. 5:3. Total interest on capital provided at the end of the year 31st March 2021 Rs.24,000. What was the capital of Y: