Arti, Bharti and Kirti are partners sharing profits and losses in the proportion of Arti 1/2, Bharti 3/10, Kirti 1/5 after providing for the interest @ 5% p.a. on their respective capitals, viz., Arti 750,000 Bharti 30,000 and Kirti 20,000 and allowing Bharti and Kirti a salary of 75,000 each per annum. During the year ended 31st March, 2021, Arti had drawn? 10,000 and Bharti and Kirti in addition to their salaries had drawn ? 2,500 and 1,000 respectively. Profit and Loss Account for the year ended 31st March, 2021 showed net profit of 45,000. On 1st April, 2020, the balances in the Current Accounts of the Partners were: Arti 4,500 (Cr.); Bharti 1,500 (Cr.) and Kirti 1,000 (Cr). Interest is not charged on Drawings or Current Account balances. Show the Partners' Capital and Current Accounts as at 31st March, 2021 after division of profits.
Answers
Answered by
3
Explanation:
what is the Ans sorry can't tell
Similar questions