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Chaterjee and banerjee are partners in a firm sharing their profit in 7:3. Their capitals on March 31,2017 were ₹7,50,000 of which chaterjee share was 50% more than the share of banerjee . The firm eaned profit of 1,20,000 before interest on capital @10% but after allowing salary of ₹24000 to Chaterjee and ₹36,000 to Banerjee. Drawings of partners were ₹39000 and ₹21000 respectively. Interest on drawings of partners were ₹2900 and ₹600. You are required to calculate interest on capital , opening capital and preparation of revised capital accountOnly those persons answer this question who know the exact answer please its my urge......its very important

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your answer is tooooo LONG



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