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The Capital Accounts of Alka and …

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The Capital Accounts of Alka and Archana showed credit balances of 4,00,000 and 3,00,000 respectively, after taking into account drawings and a net profit of 2,00,000. The drawings of the partners during the year 2018-19 were: (i) Alka withdrew 10,000 at the end of each quarter. (ii) Archana's drawings were: Rs 31st May, 2018 8,000 1st November, 2018 7,000 1st February, 2019 5,000 Calculate interest on partners' capitals@ 10% p.a. and interest on partners' drawings @ 6% p.a. for the year ended 31st March, 2019

Posted by Nandani Kumari 9 months, 2 weeks ago

CBSE > Class 12 > Accountancy

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