Liabilities | Amount | Assets | Amount | |
Capital A/cs: | Sunita | 2,00,000 | Non-current Assets | 6,00,000 |
Simran | 2,00,000 | Current Assets | 1,40,000 | |
Current A/cs: | Sunita | 20,000 | ||
Simran | 20,000 | |||
General Reserve | 3,00,000 | |||
7,40,000 | 7,40,000 |
A) Sunita 8,100 and Simran 7,980
B) No interest on capital due to negative capital
C) Sunita 12,000 and Simran 12,000
D) Sunita 12,000 and Simran 10,000
Correct Answer: C
Solution :
Sunita 12,000 and Simran 12,000You need to login to perform this action.
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