Parag and tushar were partners sharing profits and losses in the proportion 3/5 and 2/5 interest on capital was allowed 6%
Answers
Answer:it in the jpg
Answer:
Explanation:
Balance sheet
Liabilities Amount Assets Amount
Creditors 15200 Debtors 14100
Capital Bd ( 100 )
Parag 35000 provision ( 600)
Tushar 10000 45000 Discount (268)
Current a/c plant and machinery 15000
Parag 7717 Depreciation ( 1500)
Tushar 5145 12862 Land & building 2000
Wages 750 cash 7327
Salary 657 Closing stock 20500
Loan 2000
Interest 90
77059 77059