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A and B are two partners …

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A and B are two partners in a partnership firm sharing profit and loss in ratio of 3 : 2 having capital balance on 1st april 2016 ₹ 5,00,000 and ₹ 4,00,000 respectively as per partnership deed interest on capital is allowed @ 10% p.a. A introduced fresh capital ₹ 2,50,000 on 1st July 2016 while B withdraws ₹ 1,00,000 from his capital on the same date. Calculate interest on capital for each partner and pass the journal entry.

Posted by Anshika Gupta 3 years, 7 months ago

CBSE > Class 12 > Accountancy

1 answers

Shourya Singh 3 years, 7 months ago

B 92500 and a 18750

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