A and B are partner sharing …
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A and B are partner sharing profit and loss in the ratio of 2:1 . There capital as on the 1st april 2020 A=300000, B=500000, as on the 1st october they decided there capital will be 400000 each. Interest on capital will 10 % p.a., interest on drawing A=2000, B=1500, salary to B 1000 pm, commission to A 10000 p.a., create reserve of 10% , there profit is 120000, prepare partner's capital account, fixed and fluctuating
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