Question

26. Hena and Ena are partners in M/s HE & Co. Their profit
balance of Capital Account are Rs.1,60,000 and Rs.1,20,000 respectively. He
commission of Rs.5,000 from the profit of the firm. In partnership deed, it is decided to give
salary of Rs. 1,000 p.m. to both partners on 31st March, 2019. Firm incurred net divisible profit
of Rs.50,000 during the year. Interest on capital is paid Rs.10,000 and Rs. 15,000. Drawings
made during the year of Rs.3,000 and Rs.4,000 by Hena and Ena respectively. What will be
the final balance of both partners to be shown in the Balance Sheet will be:
(a) Rs.2, 10,000 and Rs.1,50,000
(b) Rs.1,65,000 and Rs. 1,43,000
(C) Rs. 1,73,000 and Rs. 1,43,000
1600) Rs.2,14,000 and Rs.1,63,000
dered as :​

Answer 1

Answer:

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Explanation:

A Rs. 2,10,000