Question

ILLUSTRATION 33.
A, B and C are in partnership. On 1st April, 2018 their capitals were : A *5,00,000
(Credit), B *3,00,000 (Credit) and C 740,000 (Debit). As per partnership deed Interest
on Capital is to be allowed @ 6% p.a. and Interest on drawings is to be charged @ 8%
p.a.
You find that:
(i) On 1st July 2018, A withdrew 1,00,000 against capital;
(ii) B withdrew 5,000 p.m. during the year.
(iii) C withdrew 60,000 during the year.
The profit for the year ended 31st March, 2019 amounted to 3,84,000.
You are required to prepare journal entries for the above transactions and also
prepare partner's capital accounts.​

Answer 1

Answer:

l don't know

Explanation:

but my brain will used