Accountancy > Accounting For Partnership Firms > Fundamentals Of Partnership
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Abha and Babita were partners in a clay toy making firm sharing profits in the ratio of 2:1. On 1st April, 2023, their capital accounts showed balances of ₹5,00,000 and ₹10,00,000 respectively. The partnership deed provides for interest on capital @ 10% p.a. The firm earned a profit of ₹90,000 during the year.
The amount of interest on capital allowed to Abha will be :
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