From the following Balance Sheet of A and B, calculate interest on capital at 5% p.a. for the year ending 31st March, 2015:BALANCE SHEETas at 31st March, 2015LiabilitiesAssets₹A's Capital1,00,000 Fixed Assets1,40,000B's Capital80,000 Current Assets60,000P and L Appropriation A/c2014-1540,000 Drawings - B20,0002,20,0002,20,000Profit during the year ended 31st March, 2015 was 70,000. A and B share profitsin the ratio of 2:1. Drawings during the year ended 31st March, 2015 were A 16,000and B 20,000.

From the following Balance Sheet of A and B, calculate interest on cap

1.	From the following Balance Sheet of A and B, calculate interest on capital at 5% p.a. for the year ending 31st March, 2015:BALANCE SHEETas at 31st March, 2015LiabilitiesAssets₹A's Capital1,00,000 Fixed Assets1,40,000B's Capital80,000 Current Assets60,000P and L Appropriation A/c2014-1540,000 Drawings - B20,0002,20,0002,20,000Profit during the year ended 31st March, 2015 was 70,000. A and B share profitsin the ratio of 2:1. Drawings during the year ended 31st March, 2015 were A 16,000and B 20,000.
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