Question

A and B are partners having fixed capitals of Rs 2,00,000 and Rs 1,00,000 respectively at the end of the year 2019-20, their current account showed balances: A Rs 1,00,000 (Cr.); B Rs 5,000( Dr.). Where will B's current account balance be shown in the books of A and B?<br /><br />a) On the liabilities side of the balance sheet.<br />(b) On the assets side of the balance sheet<br />c) On the debit side of P&L Appropriation A/c<br />(d) On the credit side of P&L Appropriation A/c​

Answer 1

Answer:

S.I=P×R×T/100

Amount=P - S.I

These formula will applied in this question

Answer 2

Answer:

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