pls answer this question Mrs Pawan traders Gajanan and Mahima are partner sharing profit and losses in the ratio 3 : 2 is the capital contribution 20000Rs and Rs 22600. in partnership with the rate of interest on capital is 8% per annum and rate of interest on drawing is 10% per annum.gajanan entitled to get commission @ 10% on gross profit .during the Year firm shows gross profit rupees 50000 and net profit triples 20000 .
show capital account of partnership under fixed capital method and fluctuating capital
Answers
Answered by
1
Answer:
Easy hai............. Wait I will tell u after 30 mint.
Answered by
0
Step-by-step explanation:
I solved the sum under fixed capital method.. Okay..
Fluctuating capital method is simple one. That case only we don't have to create current account. We have to create only capital account with all adjustments.
Hope you like it
Attachments:
Similar questions