Question

Drawings Accounts
B and C who started business, have the following capitals invested in the business on 1st April, 2015
AZ 50,000; B7 30,000 and C 3 20,000. On 1st April, 2015, they had to the credit of their Drawings Accounts:
4? 7,500; B ? 5,000, and C 7 4,000. The partnership agreement provided that the profits up to ? 20.000 are
to be divided in the proportions of the capitals invested by the partners. Any excess of profits is to be divided
1 30%, B 30% and C 40%. During the year. A draws ? 5.000, B * 4.000 and C 73,000. They are entitled to
nterest on capital at 4% and the profit before charging such interest was? 30,000. Give the Drawings Account
each partner on 31st March. Ignore interest on drawings
ns. Drawings Account Balances : A (Cr.) 16,300: B (Cr 10.000; C (Cr.) 8.2001
ote : Drawings account in this question has been prepared just like current am​

Answer 1

Answer:

djq9xbdiwjajxuwjcidbflqiggnwocnwixjw