A and B are partners sharing profit in the ratio of 3: 2. On 31st March, 2023, the Capital Account balance stood as A 1,29,000 and B 86,000. The divisible profit of 50,000 has been distributed between A and B accordingly and Interest on capital @ 10% p.a. has also been credited. A has also obtained salary @ 10,000 annually. Calculate Interest on B's capital.
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Shift 26/05/2023 8:30 AM - 10:30 AM
A
9,900
B
9,000
C
6,600
D
6,000
Correct Answer
6,000
Detailed Explanation
NOTE AS PER NTA THE ANSWER TO THIS QUESTION IS (4)
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