Partnership Accounts

Given, Rate of interest on capital of X in the question 8% Interest on capital = Rs1,60,000 Capital = Interest on capital / Rate of interest = Rs1,60,000/8% = Rs20,00,000

Avasarala Vivek Aditya

CA Inter

★ 6K+

01-Jul-22 13:10

Question for that prblm

Thread Starter

036 137

CA Inter

★ 2K+

01-Jul-22 12:53

Where can I find formula's ð?¤?

Thread Starter

036 137

CA Inter

★ 2K+

01-Jul-22 13:16

There is nothing as of formula bro. How do you get interest on capital? Interest on capital= Capital* ROI If you divide Interest on Cap/ROI you get capital

Sugam SM

CA Inter

★ 9K+

01-Jul-22 13:31

It's only the rate of interest formula bro, which you might be aware. If you are asked to find out opening balance of Capital, then see whether the information related to the capital like interest of capital or rate of interest of capital are given. Likewise try to find other information also. With practice you will be able to solve these kind of problems quickly.

Avasarala Vivek Aditya

CA Inter

★ 6K+

01-Jul-22 14:28

Bro How 36000 came

Thread Starter

036 137

CA Inter

★ 2K+

02-Jul-22 08:13

I think it's printing mistake, This is correct one bank a/c Dr. 135000

Sajeetha R

CA Final

★ 45K+

19-Jul-22 14:19