Question

On 1st january 2014 X and Y entered into an agreement to conmence a partnership business on the following terms 1)X and Y to contribute ₹40000 and ₹30000 respectivey as their capitals 2) profits and losses to be shared in the ratio 2:1 between X and Y 3)Their capitals to be credited with interest @10%per annum Their profit during the year after charging interest on capital was ₹24000 .prepare capital accounts under fluctuating capital methods answer​

Answer 1

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Answer 2

Answer:

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