Question

A and B are partners in a firm their capital account showed the balance on April 1st 2015 is 400000 and 3 respectively on August 1st 2015 the introduced for the capital of rupees 15000 and 40000 respectively we withdraw Rs 15,000 for his capital on march 1st 2016 interest is allowed it @ 6% per annum on the capital for the year ending march 31,2016
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Answer 1

Tulsi started business on 1st April, 2016 with a capital of ₹ 4,50,000. .... Add: Drawings made during the year (10,000 × 3 + 15,000 × 9). 1,65,000 .... for the year ended March 31 ...