Following is the extract of the Balance Sheet of Neelkant and Mahadev as on 31st March,...
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Following is the extract of the Balance Sheet of Neelkant and Mahadev as on 31st March, 2018. Liabilities Neelkant's Capital Mahadev's Capital Neelkan't Curent A/c Mahadev's Current A/c Profit and Loss Appropriation A/c (March 2018) Rs. Assets Sundry Assets 10,00,000 10,00,000 1,00,000 1,00,000 8,00,000 Rs. 30,00,000 30,00,000 30,00,000 During the year Mahadev's drawings were Rs. 30,000. Profits during the year ended 31st march 2018 is Rs. 10,00,000. Calculate interest on capital @ 5% p.a. the ending 31st march 2018. Following is the extract of the Balance Sheet of Neelkant and Mahadev as on 31st March, 2018. Liabilities Neelkant's Capital Mahadev's Capital Neelkan't Curent A/c Mahadev's Current A/c Profit and Loss Appropriation A/c (March 2018) Rs. Assets Sundry Assets 10,00,000 10,00,000 1,00,000 1,00,000 8,00,000 Rs. 30,00,000 30,00,000 30,00,000 During the year Mahadev's drawings were Rs. 30,000. Profits during the year ended 31st march 2018 is Rs. 10,00,000. Calculate interest on capital @ 5% p.a. the ending 31st march 2018.
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Statistics The Exploration & Analysis of Data
ISBN: 978-1133164135
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