Question

Anand and Biju commenced business as partners on 1st January 2015 . Anand's contribution is 60,000 and that of Biju is 40,000. Their Profit sharing ratio is 3:2 .Salary to Biju is 12,000 p.a. Intrest on capital is 5% .Anand's and Biju's drawings for the year 2015 were 10,000 and 8,000 respectively . Net profit of the firm as per P&L appropriation account was 15,000. Prepare capital accounts of partner's as per fluctating capital method and fixed Capital Method ​

Answer 1

Answer:

DONT KNOW

Explanation: