Question

16. (Capital A/cs/Interest on Drawings) Prepare capital accounts of the partners Muthu
and Krishnan from the following information, assuming that their capitals are
fluctuating
Muthu
Krishnan
Capital on 1-4-2018
50000
35,000
Drawings during 2018-19
*2400
* 1200
Interest on capital
6 per cent
6 per cent
Interest on drawings
6 per cent
6 per cent
Share of profits for 2018-19
7,000
5.000
Salary
1.800
Commission
1,000
(Madras University)​

Answer 1

Explanation:

salition in qiestion please