Question

18.
The capital accounts of Alka and Archana showed credit balances of
4,00,000 and 33,00,000 respectively, after taking into account
drawings and net profit of = 2,00,000. The drawings of the partners
during the year 2018 - 19 were:
Alka withdrew 10,000 at the end of each quarter.
(ii) Archana's drawings were :
₹
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 o
partners' drawings @ 6% p.a.
for the year ended 31st
March, 2019.​

Answer 1

Explanation:

18.

The capital accounts of Alka and Archana showed credit balances of

4,00,000 and 33,00,000 respectively, after taking into account

drawings and net profit of = 2,00,000. The drawings of the partners

during the year 2018 - 19 were:

Alka withdrew 10,000 at the end of each quarter.

(ii) Archana's drawings were :

₹

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 o

partners' drawings @ 6% p.a.

for the year ended 31st

March, 2019