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Show how the following will be recorded in the Capital accounts of partners Ketak and Mohit
when their Capitals are fluctuating.
Particulars
Ketak Mohit
(5)
Capital on 1st January, 2015
40,000 30,000
Drawings during 2015
5,000 3,000
Interest on Capital
5%
5%
Interest on Drawings
125
75
Share of Profits for 2015
6,000
5,000
Partner's Salary
3,600
Commission
500
300
ACCOU
diti
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