Question

2. Prepare the capital accounts of the partners from the following particulars, assuming that fluctuating capital
method is followed:
Particulars
Akanksha (3)
Priyanshu()
1,00,000
10,000
12,000
Capital as on 1.4.2013
Drawings
Salary
Commission
Interest on capital
Interest on partners loan
Interest on drawings
Share of profit during the year 2013-14
80,000
5,000
6,000
8,000
4,000
5,000
3,000
600
12,000
300
8,000

Answer 1

Answer:

Prepare the capital accounts of the partners from the following particulars, assuming that fluctuating capital

method is followed:

Particulars

Akanksha (3)

Priyanshu()

1,00,000

10,000

12,000

Capital as on 1.4.2013

Drawings

Salary

Commission

Interest on capital

Interest on partners loan

Interest on drawings

Share of profit during the year 2013-14

80,000

5,000

6,000

8,000

4,000

5,000

3,000

600

12,000

300

8,000