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.

Question

Option 1: Vivek 32,000, Virat Rs.54,000, Vineet Rs.60,000

Option 2: Vivek 32,000, Virat Rs.54,000, Vineet Rs.62,000

Option 3: Vivek 32,000, Virat Rs.48,000, Vineet Rs.64,000

Option 4: Vivek 30,000, Virat Rs.50,000, Vineet Rs.62,000

AfterBoards · Accepted Answer

The answer is 'Vivek 32,000, Virat Rs.54,000, Vineet Rs.62,000'. View full solution:

CUET Accountancy 2022 16 July Shift 2 PYQs

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