WB HS Accountancy Practice Questions - West Bengal Higher Secondary Examination - Accountancy Exam

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Partner A contributed ₹1,000,000 as capital on 1st April 2024 and introduced additional capital of ₹200,000 on 1st October 2024. If interest on capital is allowed at 10% per annum, what is the total interest on capital for the year ending 31st March 2025?

₹100,000 ₹110,000 ₹120,000 ₹105,000

Correct Answer:

₹110,000

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