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Alka and Archana are two partners …

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Alka and Archana are two partners should credit balance of Rs 4 lakh and 3 lakh respectively after taking into drawings and their profit of rupees 2 lakh the joints of the partners during the year 2018-19 were Alka with you 10000 at the end of East quarter and Archana drawings were 31st May 2018 8000 1st November 2018 7000 1st February 2019 5000 calculate interest on partners capital @ 10% per annum and interest on partners join @ 6% per annum for the year 31st March 2019

Posted by Mehak Sharma 1 year, 11 months ago

CBSE > Class 12 > Accountancy

1 answers

Preeti Dabral 1 year, 11 months ago

interest on drawings

alka : 10,000×4=40000

40000×4.5/12×6/100 = 900

archana:31may 8000×6/100×10/12=400

1Nov. 7000×6/100×5/12=175

1feb. 5000×6/100×2/12=50

625

interest on capital

alka : 400000×10/100=40000 archana: 300000×10/100= 30000

ANSWER

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