Question

Ans. Capital
Manav 1,09,700, Raghav 89,820)
3. Amrit Pal and Rajkumar started a partnership business on 1.1.2019 with capital contribution
of 50,000 and 40,000 respectively sharing profits in the ratio of 2 : 3. During the year they
earned a profit of 30,000 after all appropriations. According to the partnership deed both the
partners are entitled to ? 1,000 per month as salaries and 5% interest on capital. Their
drawings during the year amounted to 10,000 and + 6,000 respectively.
Prepare Partners' Capital Accounts when Capital is Fixed.t 26,000.]
(Plss prepare Partner'sCurrent Acc)​

Answer 1

Answer:

Ans. Capital

Manav 1,09,700, Raghav 89,820)

3. Amrit Pal and Rajkumar started a partnership business on 1.1.2019 with capital contribution

of 50,000 and 40,000 respectively sharing profits in the ratio of 2 : 3. During the year they

earned a profit of 30,000 after all appropriations. According to the partnership deed both the

partners are entitled to ? 1,000 per month as salaries and 5% interest on capital