A and B enter into a joint venture sharing profit and losses in the ratio 3:2. A will purchase goods and B will affect the sale. A purchase goods costing ₹200000. B sold it for ₹ 300000. The venture is terminated after 3 months. A is entitled to get 10% interest on capital invested irrespective of utilization period. The amount of interest received by A will be

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Accountancy satyam85kr 11 months 2 Answers 303 views 1

Answers ( 2 )

  1. Amount invested by A on purchase of goods Rs 2,00,000

    Interest @10%

    on above.               Rs 20,000

    Best answer
  2. Interest Of A on capital invested =20000(10%of 200000)

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