Girish,Mahesh and Varun are partners sharing profit and losses in the ratio of 6:3:2 respectively.their capital on 1/4/17 stood at Rs6000, 30000 and 20000 respectively on 30 September 2017. Varun died and the deceased partner share of good will is Rs 10000.the deceased partners share of accurred profit upto the date of his death is Rs 4200.varum's commission is Rs 6000 per month.his drawings upto to the date of death amounted to Rs 8000.interest on capital @ 10%.prepare varun's capital A/c. up
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sandhyagopinath27726
23.06.2019
Accountancy
Secondary School
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Girish,Mahesh and Varun are partners sharing profits and losses in the ratio of 6:3:2 respectively. their capital on 1/4/17 stood at Rs6000,30000 and 20000 respectively on 30 September 2017 . Varun died and the deceased partner share of good will is Rs 10000 .the deceased partners share of accurred profit upto the date of his death is Rs 4200.varun's commission is Rs 6000 per month. His drawings upto to the date of death amounted to Rs 8000.interest on capital @ 10%.prepare varun's capital A/c.
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shivaakvs1102
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Answer: VARUN ACCOUNTS
PARTICULAR RS PARTICULAR RS
TO drawing 8000 By balance b/d 20000
By int on capital 1000
TO varun 27200 BY profit & loss 4200
excutor suspence a/c
By goodwill
girish 6/9 6667
mahesh 3/9 3333 10000
35200 35200
Answer:
his drawing upto to the date of death amount to rs 8,000