Question

(3
Q4. From the following Balance sheet of Girish and Gokul calculate interest on capital and interest on drawings @5% per
annum for the year ended 31st March 2020
Rs.
Assets
Sundry assets
Rs.
1,84,000
Liabilities
Capital Account
Girish
Gokul
Profit and loss appropriation A/C
90,000
70,000
24,000
1,84,000
1,84,000
During the year girish withdrew Rs.2000 at the beginning of every month and gokul withdrew Rs.15,000 during the year. Th
profits for the year ended 31st March 2020 were Rs.84,000.
​

Answer 1

Answer:

not understand this question

Answer 2

Answer:

12. From the following Balance Sheet of Girish and Gokul, caleulate interest on capital and interest on

drawings 5% per annum for the year ended 31st March, 2018.

Liabilities Assets

Capital Accounts: Sundry Assets 1,84,000

Girish 90,000

Gokul 70,000

Profit and Loss Appropriation A/c 24,000

(2017-2018)

1,84,000 1,84,000

During the year, Girish withdrew 2,000 at the beginning of every month and Gokul withdrew

7 15,000. The profits for the year ended 31" March, 2018 were 84,000.