36,800
savunts of the partners Gobind and Krishan from the following details :
(Fixed Capital Account). Write up the capital and current
ILLUSTRATION 9.
Gobind
Krishan
₹
₹
75,000
4,000 (Cr.)
80,000
Capital on 1-4-2018
Gobind current account on 1-4-2018
Krishan current account on 1-4-2018
Drawings during 2018-19
Interest on capital at 10%
Interest on drawings
Share of profits for 2018-19
Salary for the year
3,000
7,500
200
7,000
6,000
1,500 (Dr.)
5,000
8,000
400
6,000
3,000
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