Question

2. Prepare the capital accounts of the partners from the following particulars, assuming that fluctuating capital
method is followed:
Particulars
Akanksha)
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

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