Question

A, B and C are partners sharing profits and losses in the ratio of 3 : 2 : 1 with Capitals of 10,000, < 10,000
and 5,000 respectively. Each partner is entitled to 5% interest on his capital. B and C are entitled to a salary
of 150 and 100 per month respectively. During the year 2015-16 the drawings of the partners in anticipation
of their shares of profits and salary are A3 1,000, B3 1,000 and C3 1,200. The profits for the year prior to
calculation of interest on capital but after charging salary of partners amounted to ? 8,000. The above figure
of profit is before charging depreciation at 7/2% on furniture of 5,000 and writing off a bad debt of 150.
Prepare Partners' Capital Accounts : (i) When capitals are fixed, and (ii) When capitals are fluctuating.

​

Answer 1

Answer:

I really appreciate this question please like and follow me your answer is 39200 5 1 by 2 please like me follow me