1. Jasmine and Mina are partner with capital of Rupees 15 lacs and 10 lacs respectively they
agreed to share profit in the ratio of 3 is to 2 show how the following transaction will be recorded
in the capital accounts of the partners in case.
.i) .The capital are fixed. the capital of fluctuating
Tthe books are called on 31st December every year.
Particulars. . Jasmine. Meen.
Additionalcapital ontributed on 1st July 2018 3,00,000. 2,00,000.
Interest on capital. 5%. 5%.
Drawings during 2015. 30,000. 20,000.
Interest on drawings. 1,800. 1200.
salary. 20,000. 7,000.
Commission. 10000. ____.
Share in laws for the year. 60,000. 40,000
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