Question

Find the square root of 1.9 , correct upto three places of decimal​

Answer 1

Answer:

Fluctuating Capitals

Q. 4 (A). On 1st April, 2018 A and B commenced business with Capitals of

6,00,000 and $2,00,000 respectively. On 31st March, 2019 the net profit (before

taking into account the provisions of deed) was 2,40,000. Interest on capitals is to be

allowed at 6% p.a. B was entitled to a salary of 60,000 p.a. The drawings of the

partners A and B were 60,000 and 40,000 respectively. The interest on Drawings for

A being 2,000 and B 1,000. Assuming that A and B are equal partners, prepare the

Profit & Loss Appropriation A/c and Partner's Capital Accounts as at 31st March,

2019,

[Ans. Divisible Profits 31,35,000; Capitals A 36,41,500 and B *2,98,500.)

Note : In the absence of information, Capitals will be treated fluctuating.

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