Question

Anubha and Kajal are partners of a firm sharing profits & losses in the ratio of
2 : 1. Their capital were * 90,000 and 60,000. The profit during the year was
* 45,000. According to partnership deed, both partners are allowed salary, 700
per month to Anubha and 500 per month to Kajal. Interest allowed on capital @
5% p.a. The drawings at the end of the period were 8,500 for Anubha and 6,500
for Kajal. Interest is to be charged @ 5% p.a. on drawings. Prepare partners capital
account assuming that the capital accounts are fluctuating.
(NCERT)
[Ans: Balance of Capital a/c of Anubha 1,23,975 and balance of Kajal Capital
A/c 77,175]​

Answer 1

Answer:

Your answer is here

Explanation:

I hope it will help you

Answer 2

Answer:

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