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Anubha and Kajal are partners of …

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Anubha and Kajal are partners of a firm sharing profits and losses in the ratio of 2 : 1. Their capital, were Rs 90,000 and Rs 60,000. The profit during the year were Rs 45,000. According to partnership deed, both partners are allowed salary, Rs 700 per month to Anubha and Rs 500 per month to Kajal. Interest allowed on capital @ 5% pa. The drawings duringthe year were Rs 8,500 for Anubha and Rs 6,500 for Kajal. Interest is to be charged @ 5% pa on drawings. Prepare partners capital accounts, assuming that the capital account are fluctuating

Posted by Mannu Soni 1 year, 9 months ago

Rajasthan Board > Class 12 > Accountancy

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Posted by Vishal Virayas 2 months ago

Rajasthan Board > Class 12 > Accountancy

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Anubha and Kajal are partners of a firm sharing profits and losses in the ratio of 2 : 1. Their capital, were Rs 90,000 and Rs 60,000. The profit during the year were Rs 45,000. According to partnership deed, both partners are allowed salary, Rs 700 per month to Anubha and Rs 500 per month to Kajal. Interest allowed on capital @ 5% pa. The drawings duringthe year were Rs 8,500 for Anubha and Rs 6,500 for Kajal. Interest is to be charged @ 5% pa on drawings. Prepare partners capital accounts, assuming that the capital account are fluctuating

Posted by Mannu Soni 1 year, 9 months ago

Rajasthan Board > Class 12 > Accountancy

0 answers

Tata tea Ltd issued 6000 12% debenture of ₹100 at a discount of 6% on 1st January 2005 were repayable in instalment of 200000 starting from 31st December 2007. Show necessary ledger account

Posted by Vandana Yadav 1 year, 1 month ago

Rajasthan Board > Class 12 > Accountancy

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