Question

partners
32
1. Ajay, vijay and sweesh are the
Their capitals at the time of payment of east
sharing profit and loss in the ratio
installment are Rs. 18000, RS svo and Rs 800
respectively, cast installment of 2 7100
was
received a 1200 was spent out of 2 1500 kept
for
dissolution
expense,
the relasation
loss will be
(.
as reserve​

Answer 1

Explanation:

Ajay and Vijay are partners in a firm. Their capital accounts as on April 1, 2015 showed a balance of Rs 2,00,000 and Rs 3,00,000 respectively. On 1st july,2015, Ajay introduced additional capital of Rs 50,000 and Vijay, Rs. 60,000. On 1st Oct, Ajay withdrew Rs 30,000, and on 1st Jan, 2016 Vijay withdraw, Rs 15,000 from their capitals. Interest is allowed @ 8% p.a.

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