[Ans. Net P100
Fixed and Fluctuating Capital
5. From the following information, prepare Capital Accounts of Manav and Raghav who are
partners in a firm, assuming that their capitals are fluctuating :
Μαηαυ
Capital (1.4.2018)
Drawings
Interest on Capital
Interest on Drawings
Salary
Commission
Share of Profits for 2018-19
1,00,000
10,000
5,000
300
5,000
Raghav
₹
80,000
6,000
4,000
180
[Ans. Capital Balance (Cr.): Manav * 1,09,700, Raghav 89,820)
10,000
2,000
10,000
144
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