If the opening capital is Rs. 50,000 as | Class 11 Accountancy Chapter Financial Statements - 2, Financial Statements - 2 NCERT Solutions

Question:

If the opening capital is Rs. 50,000 as on April 01, 2016 and additional capital introduced Rs. 10,000 on January 01, 2017. Interest charge on capital 10% p.a. The amount of interest on capital shown in profit and loss account as on March 31, 2017 will be :
  (a) Rs. 5,250                  (b) Rs. 6,000
  (c) Rs. 4,000                  (d) Rs. 3,000

Answer:

(a) Rs. 5,250


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Welcome to the NCERT Solutions for Class 11 Accountancy - Chapter . This page offers a step-by-step solution to the specific question from Excercise 20 , Question 4: If the opening capital is Rs. 50,000 as on April 01, 2016 and additional capital introduced Rs. 10,0....