From the following information, calculate interest on Capital of C, a partner for the year ended 31st March, 2022.
C's Capital on 31/3/2022: Rs. 12,00,000
Profit credited to C for the year ended 31/3/2022: Rs. 3,00,000
Drawings made during the year: Rs. 1,00,000
Additional Capital introduced on 1/10/21: Rs. 5,00,000
Rate of Interest = 12 % p.a.
Held on 20 Aug 2022 · Verified 13 Jul 2026.
Rs. 60,000
Rs. 1,44,000
Rs. 90,000
Rs. 1,20,000
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