Question

A and B are partners sharing profit in the ratio of 3 : 2. Their Capital Accounts showed a credit balance of ₹ 5,00,000 and ₹ 6,00,000 respectively as on 31st March, 2018 after debit of drawings during the year of ₹ 1,50,000 and ₹ 1,00,000 respectively. Share in profit for the year A - 2,19,000 and B - 46,000. Interest on capital is to be allowed @ 10% p.a. prepare Partners capital account.

Answer 1

An exterior angle of a triangle is equal to the sum of the opposite interior angles.

Hence, In this case ∠A and ∠B

So,

∠A+∠B=140

∘

as ∠A=∠B

or,2∠A=140

∘

∠A=∠B=70

∘

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