Question:
The amount of interest on capital allowed to Abha will be:
The amount of interest on capital allowed to Abha will be:
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Interest on capital is provided to partners as per the partnership agreement, and it is an appropriation of profit, not a charge against profit.
Updated On: Jan 20, 2025
- \rupee50,000
- \rupee1,00,000
- \rupee60,000
- \rupee30,000
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Verified By Collegedunia
The Correct Option is C
Solution and Explanation
Interest on capital is calculated as per the agreement or partnership deed.
Assuming the interest is calculated at a specific rate on Abha’s contributed capital, the result is \rupee60,000.
This value aligns with the given options, based on the details provided in the problem.
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