calculation of interest on partners capital class 12

Calculation of interest on capital

1. Interest on capital is to be calculated on the capitals at the beginning for the relevant period. ...
2. Tutorial note: If capital at the beginning is not given, then it can be calculated as below:
3. Mannan and Ramesh share profits and losses in the ratio of 3:1. ...
4. Interest on capital = Amount of capital x Rate of interest x period of interest

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FIND OPENING CAPITAL