Vivek, Virat and Vineet were partners in a firm. Their capital accounts as on April 1, 2019 showed a balance of Rs.4,00,000, Rs.6,00,000 and Rs.8,00,000 respectively. On 1st July 2019 Virat introduced additional capital of Rs.1,00,000 while Vineet withdraw 50,000 on 31 Oct 2019 from their capitals. Interest on capital is allowed @8%. Calculate Interest on capital to be given to each partner.
Held on 16 Jul 2022 · Verified 13 Jul 2026.
Vivek 32,000, Virat Rs.54,000, Vineet Rs.60,000
Vivek 32,000, Virat Rs.54,000, Vineet Rs.62,000
Vivek 32,000, Virat Rs.48,000, Vineet Rs.64,000
Vivek 30,000, Virat Rs.50,000, Vineet Rs.62,000
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