Question

All and Baber enter into-a partnership on 1st January, 2021 by introducing Rs.50,000/-and Rs. 900,000/- respectively. Partnership deed provides 10% interest on equity / capital. Ali is entitled to a monthly salary of Rs. 1,200. Income for the year before charging interest on capital and Ali's salary amounting to Rs. 100,000. They share journal entries and accounts relating to
partners under:
1.Fixed nature of capital
2.Fluctuating nature of capital.​

Answer 1

Answer:

2

Explanation:

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