Question

Ans. Balance of Capital A/c : Kanu = 83,940, Shruti -
9. A and B are partners sharing profit in proportion of 7/10th and 3/10th with capitals of
15,000 and 10,000 respectively as on 1st Jan., 2015. 5% interest was agreed to be
calculated on the capital of each partner and B is to be allowed an annual salary of 2,400
which has not been withdrawn. During the year 2015. A withdrew 1.200 and B 2,000 in
anticipation of profits. Profits for the year prior to calculation of interest on capital but after
charging B's salary amounted to 8,000. A provision of 8% of the profits after charging
interest and salary but before charging any commission is to be made in respect of
commission to A.​

Answer 1

I'm not understanding your questions......

post again properly........

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