Question

A and B are partners with Capitals of rupees 100000 and rupees 80000 respectively .On 1 April 2017
the trading profit of the
year before appropriation as per partnership deed was rupees 67500. As per
partnership deed they were entitled
1. Interest on Capital @ 9 percent per annum.
2. A to get salary rupees 1000 per month.
3. B to get commission rupees 10,000.
4. Drawings of A and B were rupees 6000 and rupees 5000 and interest there on amounts to rupees 400 and rupees 300 respectively. Show how the profits for the year 2016-17 will be distributed between A and B also show capital account under: 1. Fixed capital. 2. Fluctuating capital.
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Answer 1

Explanation:

Demand Draft pay M/S Sandhya Garments rupees 7000 and bank charges rupees 50 Cheque no 718971

Demand Draft pay M/S Sandhya Garments rupees 7000 and bank charges rupees 50 Cheque no 718971

Demand Draft pay M/S Sandhya Garments rupees 7000 and bank charges rupees 50 Cheque no 718971