Question

(A) Fixed and Fluctuating Capital Acounts
profits in the ratio of 3 : 2. The following particulars are disclosed for the year ended
31st December, 2016
А
B
7
3,00.000
5%
2,00.000
5%
20.000
1.200
Additional capital brought on 1st July 2016
Interest on capital
Drawings during the year 2016
Interest on drawings
Salary
Commission
Share in loss for the year 2016
30.000
1.800
20,000
7.000
10,000
60,000
40.000
Enter the above transactions in Capital Accounts of Partners when ti) Capitals are
A and B are partners with capitals of 15 lakh and 10 lakh respectively. They she​

Answer 1

Explanation:

(A) Fixed and Fluctuating Capital Acounts

profits in the ratio of 3 : 2. The following particulars are disclosed for the year ended

31st December, 2016

А

B

7

3,00.000

5%

2,00.000

5%

20.000

1.200

Additional capital brought on 1st July 2016

Interest on capital

Drawings during the year 2016

Interest on drawings

Salary

Commission

Share in loss for the year 2016

30.000

1.800

20,000

7.000

10,000

60,000

40.000

Enter the above transactions in Capital Accounts of Partners when ti) Capitals are

A and B are partners with capitals of 15 lakh and 10 lakh respectively. They she