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Ankit, bhanu, charu are partner in …

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Ankit, bhanu, charu are partner in a firm sharing profits equally with capital 250000 each on 1 October 2020 Ankit bhanu gave loans of 250000 each to firm whereas charu will be charged interest@6%p.a. intrest on loan from partner was paid on 10april 2021 the firm close its books on 31 March each year pass journal entries in the book of firm for the year ended on 31 March 2021

Posted by Devanshi Baliyan 2 years, 11 months ago

CBSE > Class 12 > Accountancy

2 answers

Kashish Kunjam 2 years, 9 months ago

answers show me

0Thank You

Sia ? 2 years, 11 months ago

Calculation of interest on Drawing of each patner
Interest thereon has been calculated for the average
Bhanu = 250000 × 6 % × 6 /12 = 7500
Charu = 1,00,000 × 6% × 6 /12 = 3000

Calculation on interest on Capital of each patner
Bhanu = 250,000 × 6 % = 15000
Charu = 250,000 × 6 % = 15000

4Thank You

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Posted by Manvi Zaildar 3 weeks ago

CBSE > Class 12 > Accountancy

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Radha and rukmani are partners in a firm with fixed capitals of rs 200000 and 300000 respectively

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Posted by Pragya Shukla 1 week, 1 day ago

CBSE > Class 12 > Accountancy