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AanIllustration 21 (Calculation of Opening Capital). …

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AanIllustration 21 (Calculation of Opening Capital). Assignment fixed Aan and Mohan are partners sharing profits and losses in the ratio of 3:2. The firm maintains fluctuating Capital Accounts and the balance of the same as on 31st March, 2022 was *4,00,000 and 3,50,000 for Aan and Mohan respectively. Drawings during the year were 75,000 each. As per Partnership Deed interest on Capital @ 10% p.a. on Opening Capital had been allowed 6,67,500 15,000 7,82,500 to them.

Posted by Laxmi Kumari 1 year, 6 months ago

CBSE > Class 12 > Accountancy

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