Chapter 2: Accounts of ‘Not for Profit’ Concerns.

Balbharati, Solutions, for, Book-keeping, and, Accountancy, 12th, Standard, Hsc, Maharashtra, State, Board, Chapter 2, Accounts of ‘Not for Profit’ Concerns, Full solution,

12% p.a. Interest on Bank loan ₹ 80,000 for 1 year.

Solution: 
12 % p.a. Interest on Bank loan ₹ 80,000 for 1 year.

Interest = (PNR/100) = 80000 x (12/100) = ₹ 9600

Thus, interest on Bank loan ₹ 80,000 for 1 year = ₹ 9600.

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Chapter 2, Accounts of ‘Not for Profit’ Concerns, [Latest edition], full solution, Maharashtra board, Chapter 2: Accounts of ‘Not for Profit’ Concerns, full solutions. Chapter 6 – Institutes Supporting Business. Chapter 2 -Sources of Corporate Finance.