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Kamal and kapil are partners having …

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Kamal and kapil are partners having fixed capital of 5,00,000 each as on 31st march 2018. Kamal introduced further capital of 1,00,000 on 1st October 2018 whereas kapil withdraw 1,00,000 on 1st October 2018 out of capital. Interest on capital is to be allowed@10%p.a. the firm earned net profit of 6,00,000 for year ended 31march 2019. Pass journal entries for interest on capital and prepare profit and loss appropriation account.

Posted by Prabh Jawanda 6 years, 8 months ago

CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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